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 partnered with AILAS on 2025 to launch a voice ID system designed to protect actors from AI misuse. A new venture capital firm, Vastpoint, launched on an unspecified date in 2025 with €18 million in funding, aiming to support early-stage Polish tech founders. Vastpoint later reached a $22 million first close on its fund. Mati Staniszewski, a founder of ElevenLabs, joined Vastpoint as an advisor. Separately, ElevenLabs shifted its business model, transitioning from a language technology platform to a language solutions integrator by incorporating a managed service offering.
ElevenLabs's customers primarily consist of ad measurement and verification and computer Games companies. Examples of ElevenLabs's customers include MNTN, Magicave and Paradox Interactive. ElevenLabs has commercial and technical partners like Audacy and Super Hi-Fi.
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