ElevenLabs

ElevenLabs was founded in 2022 by Piotr Dąbkowski, a former Google machine learning engineer, and Mati Staniszewski, a former Palantir deployment strategist. The two Polish entrepreneurs were motivated by the poor quality of dubbing in American films they watched growing up. They launched their text-to-speech platform in beta in January 2023, and it quickly went viral for producing voices nearly indistinguishable from human speech. The company is headquartered in New York City, with an additional office in Warsaw, Poland, and operates with a distributed team.

The company offers a range of AI voice products. Eleven Multilingual v2 supports 29 languages with native-level fluency and emotional nuance. The Voice Library is a marketplace of thousands of user-created synthetic voices. Other products include the AI Speech Classifier, a detection tool for AI-generated speech; the Eleven Reader mobile app; Dubbing Studio with lip-sync capabilities; and a sound effects generator. ElevenLabs has partnered with publishers like The Washington Post and The Economist for audio article narration.

ElevenLabs reached unicorn status in January 2024 with a valuation of $1.1 billion following an $80 million Series B round led by Andreessen Horowitz, with participation from Sequoia Capital. The company had previously raised a $19 million Series A in June 2023. Revenue figures are not publicly disclosed, but the company operates on a freemium model with paid tiers for creators and enterprises.[edit]