ElevenLabs

Based in New York, US, and founded in 2022, Eleven Labs Inc. , trading under the name ElevenLabs operates as an artificial intelligence-based company that offers speech software to creators and publishers for storytelling. The company was Co-founded by Piotr and Mati. In February 2026, ElevenLabs raised USD 500 million in series D funding led by Sequoia Capital, with participation from Andreessen Horowitz, ICONIQ Capital, Lightspeed Venture Partners, Evantic Capital, and Bond.

The company offers artificial intelligence-based speech software for content creators and publishers. The tools offered by the firm help in the generation of spoken audio and provide a multipurpose artificial intelligence speech tool that uses a deep learning model and renders human intonation and inflections. These tools could be used for storytelling, news articles, audiobooks, newsletter, and blogs. The artificial intelligence model that the firm uses catches logic and emotions and generates sentences one by one.

The text-to-speech model used by the firm is called speech synthesis and the artificial intelligence tool kit offered by the firm is called voice lab. The company generates its revenue through a subscription model. It offers 6 packages starting from USD 5 per month for a starter pack to USD 330 per month for a growing business. It also offers a free pack for hobbyists and custom plans for enterprises.

The company will use the February 2026 funding to support its growth and expansion plans initiatives.