Eleven Labsrevenue, valuation & funding
Text to Speech SoftwareNew York City, New YorkFounded 2022CEO Mati Staniszewski
Eleven Labs is a Text to Speech Software company based in New York City, founded in 2022.
Eleven Labs revenue
Eleven Labs' annual revenue was $500M in May 2026 (X). That is up 400% from $100M a year earlier.
All 5 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Dec 2023 | $4.6M | – |
| Apr 2025 | $100M | – |
| Sep 2025 | $200M | X |
| Dec 2025 | Over $330M | elevenlabs.ioclosed 2025 |
| May 2026 | $500M | X |
– source not recorded
Eleven Labs valuation
Eleven Labs is privately held, so there is no Eleven Labs stock to buy. Investors valued it at $11B in its February 2026 Series D, led by Sequoia Capital.
Valuation history$11B Series D 2026$3.3B Series C 2025$1B Series B 2024$100M Series A 2023
Eleven Labs funding rounds & investors
Eleven Labs has raised $781M across five rounds since 2023. The latest was a $500M Series D in February 2026, led by Sequoia Capital.
| Date | Round | Raised | Valuation | Led by | Source |
|---|---|---|---|---|---|
| Feb 2026 | Series D | $500M | $11B | Sequoia Capital | elevenlabs.io |
| 2025 | Series C | $180M | $3.3B | – | |
| Jan 2024 | Series B | $80M | $1B | – | |
| Jun 2023 | Series A | $19M | $100M | – | |
| Jan 2023 | Pre-Seed | $2M | – | – | |
| Total raised | $781M |
Not counted as funding
- Secondary share sale (not new capital) $100M at a $6.6B valuation Sep 2025
Eleven Labs competitors
Eleven Labs competes most directly with Deepgram, Cartesia, WellSaid Labs, Hume AI and 3 others. It is the largest of the eight by revenue.
| Company | Revenue | Funding | Employees | Founded |
|---|---|---|---|---|
| Eleven Labs | $500M | $781M | 400 | 2022 |
 Deepgram | $100M | $168.9M | 310 | 2015 |
 Cartesia | $17M | – | 49 | 2023 |
 WellSaid Labs | $8.3M | – | 75 | 2018 |
 Hume AI | $5.5M | – | 55 | 2021 |
 PlayHT | $5M | – | 59 | 2021 |
 Resemble | $1.7M | $2M | 27 | 2018 |
 Murf.ai | $799K | $1.5M | 62 | 2020 |
#1 of 191 Text to Speech Software companies by revenue · category median $1.2M · See the ranking
Eleven Labs CEO, founders & employees
Mati Staniszewski founded Eleven Labs in 2022 and runs it as CEO. Eleven Labs has 400 employees (February 2026, en.wikipedia.org estimate), up from 291 a year earlier.
- Mati StaniszewskiFounder & CEO
All 6 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Feb 2026 | 400EST. | en.wikipedia.org estimate |
| Nov 2025 | 580 | |
| Apr 2025 | 291 | |
| Sep 2024 | 155 | Forbes |
| Dec 2023 | 42EST. | Growjo estimate |
| Dec 2022 | 21EST. | Growjo estimate |
Eleven Labs FAQ
What is Eleven Labs' revenue?
Eleven Labs' annual revenue was $500M in May 2026, according to X.
What is Eleven Labs' valuation?
Investors valued Eleven Labs at $11B in its February 2026 Series D, led by Sequoia Capital, according to elevenlabs.io.
How much funding has Eleven Labs raised?
Eleven Labs has raised $781M across five funding rounds. The latest was a $500M Series D in February 2026, led by Sequoia Capital.
Who owns Eleven Labs?
Eleven Labs is privately held. Its lead investors include Sequoia Capital.
How many employees does Eleven Labs have?
En.wikipedia.org estimates Eleven Labs' headcount at about 400 (February 2026).
Who is the CEO of Eleven Labs?
Mati Staniszewski is the CEO of Eleven Labs and founded the company in 2022.
Who founded Eleven Labs?
Mati Staniszewski founded Eleven Labs in 2022.
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How this page is sourced
7 from public sources · 3 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Oct 12, 2026Data disclaimerReport a correctionClaim this profileRun Eleven Labs? Join the podcast