ElevenLabs logo

ElevenLabs

AI voice platform offering text-to-speech, voice cloning, and conversational AI with lifelike voices.

Pricing Free / Creator $22/mo / Pro $99/mo / Enterprise custom
Category Voice AI & Agents
Founded 2022
HQ London, UK

Quick take

ElevenLabs is not a meeting tool, but it is the best TTS provider for making meeting-context voice AI agents sound human. If you are building an AI agent that speaks in meetings (via Recall.ai's interactive agents) or on phone calls (via Vapi/Retell), ElevenLabs is likely your TTS layer. The voice quality gap between ElevenLabs and competitors is still significant.

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ElevenLabs scorecard

How we grade
A 90/100
Overall grade

A category-defining voice-AI company with rare product quality, explosive revenue, and an $11B war chest; the main drag is billing friction, not the technology. It is a voice-agent layer, not a turnkey meeting recorder.

Idea A Voice AI is a foundational layer, and ElevenLabs defined the quality bar.
Brand A Synonymous with "best AI voice," with high recognition and celebrity backers.
Product A v3 quality leads, across a broad suite of TTS, STT, agents, dubbing, and music.
Market fit A+ $0 to $500M ARR in roughly three years, with both creator and enterprise pull.
Adoption A Triple-digit ARR growth with named enterprise logos including IBM and NVIDIA.
Features A The most complete voice-AI stack among the pure-plays.
Security A- SOC 2 Type II, ISO 27001, HIPAA BAAs, EU data residency, and a zero-retention mode.
Value B Output quality is high, but the credit model is widely criticized as opaque and expensive.

Overview

ElevenLabs is the voice AI company known for producing the most human-sounding synthetic speech in the industry. While primarily a text-to-speech (TTS) platform, ElevenLabs has expanded into conversational AI agents that can participate in real-time voice conversations. The company's voice cloning and synthesis technology is used by content creators, game studios, audiobook publishers, and now voice agent developers. In the meeting tool ecosystem, ElevenLabs matters as the TTS layer that makes voice AI agents sound natural.

Strengths & limitations

Strengths

  • +Best-in-class voice quality
  • +Excellent multilingual support
  • +Affordable entry pricing

Limitations

  • TTS-focused, not a full agent platform
  • Voice cloning raises ethical concerns
  • Latency higher than dedicated agent platforms

Pricing

FreeCreator $22moPro $99moEnterprise custom

Free: limited characters/month. Starter ($5/month): 30,000 characters. Creator ($22/month): 100,000 characters. Scale ($99/month): 500,000 characters. Enterprise (custom): custom voices, priority, SLA. Conversational AI API priced separately per minute.

Who it's for

Developers building voice AI agents who need the highest quality text-to-speech. Content creators producing audio from text (podcasts, audiobooks, video narration). Not for teams looking for a meeting recording or transcription solution.

Verdict

A · 90/100

ElevenLabs is not a meeting tool, but it is the best TTS provider for making meeting-context voice AI agents sound human. If you are building an AI agent that speaks in meetings (via Recall.ai's interactive agents) or on phone calls (via Vapi/Retell), ElevenLabs is likely your TTS layer. The voice quality gap between ElevenLabs and competitors is still significant.

Follows our testing methodology
· Last reviewed April 2026

Key features

  • Text-to-speech API
  • Voice cloning
  • Multilingual voices (29 languages)
  • Conversational AI
  • Voice library marketplace

Company profile

Founded 2022
Headquarters London, UK
Employees ~580-960 (est.)
Total raised ~$781M
Valuation $11B (2026)

Leadership

MS
Mati Staniszewski
Co-founder & CEO
PD
Piotr Dąbkowski
Co-founder & CTO

Funding history

Series D $500M Feb 2026 Sequoia Capital · $11B val. link
Series C $180M Jan 2025 a16z, ICONIQ Growth · $3.3B val. link

Investors

Sequoia Capital logo
Sequoia Capital
Andreessen Horowitz logo
Andreessen Horowitz
ICONIQ Growth logo
ICONIQ Growth
NEA logo
NEA
NVIDIA logo
NVIDIA
BlackRock logo
BlackRock

Notable customers

Cisco logo
Cisco
Epic Games logo
Epic Games
Adobe logo
Adobe
NVIDIA logo
NVIDIA
IBM logo
IBM
Storytel logo
Storytel

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