ElevenLabs, the AI voice generation startup, has achieved a remarkable milestone, crossing $330 million in annual recurring revenue (ARR) in 2025, according to CEO Mati Staniszewski. This impressive growth trajectory is a testament to the company's rapid expansion since its inception in 2022. Staniszewski attributes this success to the adoption of their voice agent technology by both Fortune 500 companies and startups. The technology leverages company data and knowledge bases to enhance customer support and experience interactions. In a separate announcement, ElevenLabs revealed that its technology is handling over 50,000 calls per month for enterprises. The startup's valuation has skyrocketed, reaching $3.3 billion in Series C funding led by a16z and ICONIQ Growth in June 2025. This valuation doubled just three months later when ICONIQ and Sequoia invested an additional $100 million in employee shares, pushing the total valuation to $6.6 billion. ElevenLabs has also expanded its capabilities, introducing music creation features and striking deals with celebrities like Michael Caine and Matthew McConaughey to use their voices for AI-generated content.
