ElevenLabs
Voice AI for dubbing, narration and voice agents, with an API that other builders use to add speech.
- Revenue
- About $500M ARR (Apr 2026, Sacra estimate)
- Value
- $11B (Feb 2026 Series D, led by Sequoia)
- Growth
- Up from about $350M at the end of 2025 (Sacra estimate)
- Listed
- Private
Its API means other companies build speech into their own products, so it sells picks and shovels as well.
Free voice tools and open speech models compete at the low end of the market.
Money coming in
Who pays ElevenLabs, and for what.
No customers of ElevenLabs mapped yet.
Money going out
Who ElevenLabs pays to do what it does.
No suppliers of ElevenLabs mapped yet.
Where it sits on the map
Competitors and neighbours
CRM company selling Agentforce, AI agents built into its customer software.
Agentforce ARR about $800M in the quarter to Jan 2026, up 169% year on year (company, Q4 FY26)
Open profileTurns doctor and patient conversations into clinical notes and billing codes for health systems.
Contracted ARR of $117M was reported for early 2025, the last figure found
Open profileCustomer support agents for consumer brands, priced per resolved conversation.
Passed $100M annualised (reported Aug 2026, citing Newcomer)
Open profileAI for lawyers that drafts, researches and reviews contracts, sold to large law firms.
About $300M ARR (Sacra estimate, May 2026). One blog reports $400M, not confirmed
Open profileAI platform for law firms that drafts, reviews and researches contracts, with more than 1,000 customers in 50 markets.
Passed $100M ARR (Apr 2026, company reported)
Open profileFree clinical search tool for doctors that answers medical questions with cited sources.
About $300M annualised by mid-2026 (reported). Sacra estimated $150M for 2025
Open profileAI for investment bankers and private equity analysts, built for research and deal work.
Over $50M annual recurring revenue (reported)
Open profileCustomer service AI agents for large brands, founded by Bret Taylor.
About $200M annualised (May 2026, company reported)
Open profileAmbient AI that writes clinical notes and coding for doctor groups and health systems.
Open profileSources: sacra.com, letsdatascience.com
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