ElevenLabs is a software company founded in 2022 by Piotr Dąbkowski and Mati Staniszewski, specializing in developing natural-sounding speech synthesis software using deep learning. The company has raised significant funding, with a Series B round in January 2024 valuing it at $1.1 billion, backed by investors like Andreessen Horowitz and Sequoia Capital. ElevenLabs is known for its realistic and expressive AI voices, powering applications for millions of creators, developers, and enterprises. Their flagship product, Eleven v3 (alpha), is described as the most expressive text-to-speech (TTS) model, capable of delivering human-like speech with emotions, accents, and multilingual support. The platform also offers speech-to-text (STT), voice changer, conversational AI, dubbing, voice cloning, and ElevenReader, an app for reading text aloud. The company’s technology is used for audiobooks, video voiceovers, podcasts, customer service, and accessibility, making content universally accessible in any language and voice.
