ElevenLabs, a privately owned US-based company founded in 2022, develops artificial intelligence-powered software specializing in natural-sounding speech synthesis and text-to-speech technology. Employing approximately 40 people, the company's revenue in 2023 was less than $10 million. Its core product is generative AI focused on voice generation.
ElevenLabs hired at least four engineers from Palantir between April and December 2024. On March 18, 2025, ElevenLabs used its audio models to dub the Modi-Fridman podcast into English, Hindi, and Russian, completing the process within hours. The company plans to add more languages. ElevenLabs' work on the podcast received global attention for its high-quality dubbing.
ElevenLabs's customers primarily consist of computer Games and advertising Services companies. Examples of ElevenLabs's customers include Magicave, MNTN and Paradox Interactive. ElevenLabs has commercial and technical partners like Audacy and Super Hi-Fi.
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