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 invested in Wonder, an AI creative studio, in a pre-seed round led by LocalGlobe and including angel investors from Universal Studios, Activision Blizzard, OpenAI, Paramount Pictures, and ElevenLabs. Adapt, a localization service provider, uses ElevenLabs' Scribe speech-to-text model to improve transcription workflow, reporting significant time savings. ElevenLabs also partnered with Adapt for transcription and localization needs to help Adapt's global clients. Mati Staniszewski participated in a fireside chat at Elevate, discussing how ElevenLabs makes voice AI more human. The increasing clarity of digitized voices, facilitated by relevant laws and acts granting commercial rights, makes platforms like ElevenLabs suitable for voice-over services in various applications, including e-learning, podcasts, advertisements, and explainer videos.
ElevenLabs's customers primarily consist of advertising Services and computer Games companies. Examples of ElevenLabs's customers include Magicave, Paradox Interactive and MNTN. ElevenLabs has commercial and technical partners like Audacy and Super Hi-Fi.
Subscribe for full access to ElevenLabs's products in full detail 
