ElevenLabs, Inc.
About ElevenLabs, Inc.
Company overview
ElevenLabs, Inc. is a software company founded in 2022 by Piotr Dabkowski and Mateusz (Mati) Staniszewski, with its headquarters located in New York City, New York. The company specializes in artificial intelligence research and developing natural-sounding speech synthesis and voice cloning software using deep learning. Business/Product Breakdown: ElevenLabs, Inc. operates a generative AI voice and audio agents platform designed to create lifelike speech and music across multiple languages. The browser-based tool allows users to transform text into realistic voiceovers, audiobooks, podcasts, and advertising content. Key features include ultra-realistic text-to-speech generation, professional voice cloning for personalized narration, a community-driven voice library, and a Projects platform optimized for editing and refining long-form audio content. Additionally, its ElevenAgents infrastructure enables businesses to deploy conversational voice assistants capable of automated reasoning and dynamic tool execution to streamline customer support, appointment bookings, and operational tasks.
Keywords
Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
Employee Figures
Key Executives
See All401K
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Series B — 2023-05-01
- Expansion financing for product launch.
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