What ElevenLabs does
ElevenLabs is a voice and audio AI company building an end-to-end platform for generating lifelike speech, converting speech to text, dubbing and localizing spoken content, and deploying voice-first conversational agents for enterprise workflows. The company’s current product direction centers on “agentic” voice and chat experiences (ElevenAgents) plus creator/brand tools for generating and localizing high-fidelity audio (ElevenCreative), all delivered via a developer/API layer (ElevenAPI).
For consumers and creators, ElevenLabs provides an all-in-one editor workflow for producing long-form spoken content like podcasts and audiobooks, along with tools such as Text to Speech and Studio-based editing. For enterprises and developers, ElevenLabs positions ElevenAgents as an enterprise platform to deploy reliable voice and chat agents with integrations, testing, and monitoring, and ElevenAPI as low-latency, production-grade audio infrastructure used to build interactive products.
A notable recent emphasis in ElevenLabs’ roadmap is “platformization” of dubbing and voice tooling—e.g., exposing Dubbing v2 via ElevenAPI for programmatic dubbing pipelines, and expanding integration points such as providing an ElevenLabs MCP connector experience inside Claude for managing ElevenAgents.
ElevenLabs remains privately held, and its funding milestones show a rapid scaling trajectory: it announced $19M Series A (co-led by Nat Friedman, Daniel Gross, and Andreessen Horowitz/a16z), $80M Series B (co-led by Andreessen Horowitz, Nat Friedman, and Daniel Gross), $180M Series C (co-led by a16z and ICONIQ Growth), and a $500M Series D at an $11B valuation (led by Sequoia).