How much does ElevenLabs make?

ElevenLabs reports $330M ARR as of December 2025. ElevenLabs closed 2025 at $330M+ ARR (some sources $350M). $120M ARR end-2024. Source: ElevenLabs / Saastr.

AI voice generation platform that creates realistic, human-like voices for content creators, publishers, and enterprises. It operates in AI / ML.

How long did it take ElevenLabs to reach $100k arr?

Mati Staniszewski & Piotr Dąbkowski took 9 months to reach $100k arr with ElevenLabs.

Was Mati Staniszewski & Piotr Dąbkowski a solo founder?

No. Mati Staniszewski & Piotr Dąbkowski built ElevenLabs with co-founders.

What marketing channel did ElevenLabs use to grow?

ElevenLabs grew primarily through Communities.

What industry is ElevenLabs in?

ElevenLabs operates in AI / ML.

ElevenLabs Revenue: $330M ARR, $100K ARR in 9 months

The full story

TL;DR

Mati and Piotr, childhood friends from Poland, built ElevenLabs to fix robotic AI voices and reached 1M users in 5 months after beta launch.

Piotr and I first met as teenagers at Copernicus High School in Warsaw, Poland. We were both frustrated by the same thing - AI voices that sounded obviously robotic.

The Problem We Lived

Growing up in Poland, we experienced terrible film dubbing where one person voiced every character in a monotone voice. We knew AI could do better.

Different Paths, Same Vision

After high school, our paths split. I studied mathematics at Imperial College London and worked at Palantir. Piotr went to Oxford and Cambridge, focusing on AI and machine learning.

Building Our Own Research

Instead of using existing models, we conducted our own research to understand what makes human voices sound human. We built everything from scratch - capturing natural pauses, laughter, conversational fillers.

The Beta Launch

By June 2023, five months after launching our public beta in January that year, we had attracted over one million users. The market validated our vision immediately.

Rapid Growth

By late 2024, we had raised over $350M and were valued at over $1 billion. We're now working with publishers like HarperCollins to create audiobooks at scale.

Founded: April 2022
1M users: June 2023 (5 months after the January 2023 public beta)
Total raised: $350M+
Valuation: $1B+ (2024)

Key Takeaways

Build your own research instead of relying on existing models

Solve a problem you personally experience deeply

Childhood friendships can become powerful co-founder relationships

Focus on what makes technology feel human, not just functional

The full story

TL;DR

Mati and Piotr, childhood friends from Poland, built ElevenLabs to fix robotic AI voices and reached 1M users in 5 months after beta launch.

Piotr and I first met as teenagers at Copernicus High School in Warsaw, Poland. We were both frustrated by the same thing - AI voices that sounded obviously robotic.