2022
ElevenLabs was founded in 2022, when crypto and the metaverse were the dominant tech topics.
“Yeah, we started in 2022, which is a year when the two topics of the day were crypto and metaverse.”
Topic
ElevenLabs
26 facts from 5 episodes, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2023
ElevenLabs released its first software in 2023 and drew many creators and authors who could not afford professional narration.
“So 2023 released first software. We had a lot of creators and then a lot of audiobook authors or book authors that couldn't afford professional narration and wanted to create an audiobook.”
2025
Ratliff created an extra AI agent named Tyler at HurumoAI because he liked a voice available on ElevenLabs.
“we had just one random guy that I liked the voice on Eleven Labs, named Tyler.”
2025
ElevenLabs' most recently announced annual recurring revenue was $350 million at the end of 2025.
“So most recently announced was 350 at the end of 2025.”
Undated
Elad Gil named Cartesia, ElevenLabs, OpenAI and Google as providers of text-to-speech and speech understanding services.
“there's companies like Cartesia, ElevenLabs, OpenAI, Google, et cetera, who are starting to provide some of these services and APIs.”
Undated
ElevenLabs first built its speech-to-text model for internal use to annotate training data, because available models were not good enough, and later released it to customers.
“So speech-to-text model initially was a model we did for ourselves because the models on the market just weren't good to annotate that data.”
Undated
Mati Staniszewski says ElevenLabs' speech-to-text models work across more than 100 languages and beat competitors on benchmarks.
“speech-to-text models that work over 100 languages and happily beat others on benchmarks”
Undated
Audible blocked AI-narrated audiobooks, so ElevenLabs created its Reader app to give authors another way to distribute them, according to Mati Staniszewski.
“So Audible would block AI content. So we had no choice. We need to create an avenue for them to bring them.”
Undated
ElevenLabs Reader offers voices including actor Michael Caine's, according to Mati Staniszewski.
“So whether it's Sir Michael Caine, all the way through to a state, and working together with Sir Richard Feynman.”
Undated
ElevenLabs released its v3 text-to-speech model, which lets users control delivery through cues such as speaking slower or adding a dramatic pause.
“we released the v3 model that i kind of we're solving that for the first time is like can you control speech”
Undated
ElevenLabs offers an expressive mode in which a voice agent detects the other person's emotions and replies in a fitting tone.
“So today, finally, you can have both speech generation or entire voice agent experience with what we call expressive mode where the agent knows the emotions on the other side.”
Undated
ElevenLabs worked with a Neuralink patient to restore the patient's own voice, according to Mati Staniszewski.
“Just recently, there was an example of a patient that had Neuralink.”
Undated
ElevenLabs recreated the voice of a woman who lost hers before her wedding, so she could speak her vows, according to Mati Staniszewski.
“We worked with the lady that lost her voice before she got married.”
Undated
A developer built the Gindex using ElevenLabs technology to collect pint prices from pubs in Ireland, with about 3,000 entities able to report prices.
“so people could actually do both sides, could proactively reach out, reactively reach out, always capture through voice, and then 3 ,000 different entities could report their prices and get that across.”
Undated
Mati Staniszewski says leading voice models range from a few billion to tens of billions of parameters, smaller than leading language models.
“A few billion to a lot of tens of billion parameter models.”
Undated
ElevenLabs recently raised half a billion dollars at an $11 billion valuation.
“We've, of course, raised recently a half a billion at 11 billion valuation.”
Undated
ElevenLabs charges text-to-speech usage per text token and charges voice agents and transcription per minute.
“Mostly this is charged per, if it's input text or text-to-speech, it's usually per text token.”
Undated
ElevenLabs usually offers new models to many customers at cost so they can try the best technology.
“The way we usually do is like when we have a new model, we try to give it at cost to a lot of the customers so they can experience the best.”
Undated
Mati Staniszewski says ElevenLabs had its first quarter with $100 million in net new annual recurring revenue.
“this quarter was kind of one of the best for enterprise growth where we had the first quarter hit 100 million in an additional ARR growth, which is crazy.”
Undated
ElevenLabs recently announced work with Deutsche Telekom, T-Mobile, Revolut, Klarna, Meta and IBM.
“So recently we announced our work with Deutsche Telekom and T-Mobile, with Revolut, with Klarna, with Meta, with IBM.”
Undated
Mati Staniszewski says more than half of ElevenLabs' business is now sales-led enterprise.
“So we are over 50 % is now sales led on enterprise.”
Undated
ElevenLabs had about 470 employees at the time of the interview.
“But we are now 470 people as a company.”
Undated
Mati Staniszewski announced ElevenLabs would launch usage-based pay-as-you-go billing for self-serve customers.
“we'll be launching user-based billing to”
Undated
Mati Staniszewski and his co-founder each have over 15 direct reports at ElevenLabs.
“So like, can you have, both me and my co-founder will have over 15 direct reports each that we'll work with.”
Undated
Lassen says AIUC works with ElevenLabs, Fin and UiPath, and that Fin was acquired by Salesforce for 3.6 billion.
“companies like Eleven Labs, companies like Fin that just got acquired for 3.6 billion by Salesforce, companies like UiPath, who've set the standards within their categories.”
Undated
Pete Johnson cited ElevenLabs as an example of a company running multiple smaller agents per customer.
“There's a company called Eleven Labs out there, they have multiple agents per customer, this sort of micro-agent approach”
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- 14 Apr 2026The world of voice AI, with Mati Staniszewski of ElevenLabs1h 0m