ElevenLabs Inc.
Develops AI software for natural-sounding speech synthesis, voice cloning, and conversational agents.
Updated April 2026
Overview
- Website
- elevenlabs.io
- Founded
- 2022
- Headquarters
- London, UK
- Segment
- Audio & Speech
Product overview
ElevenLabs builds text-to-speech models like Eleven v3 (70+ languages, emotional expression), speech-to-text (Scribe), voice cloning tools, AI dubbing, music generation (Eleven Music), and platforms like ElevenAgents for voice agents. Used by enterprises (NVIDIA, Duolingo, Disney, Meta), creators for audiobooks and podcasts, and developers via API. Distinct for ultra-realistic emotional intonation, low-latency (~75ms), voice preservation in dubbing, and commercial music generation.
Revenue model
Subscription tiers: Free (10k credits/mo), Starter $5/mo (30k), Creator $11/mo (100k), Pro $99/mo (500k), Scale $330/mo (2M), Business $1,320/mo (11M), Enterprise custom. Credits convert to minutes of audio; overages ~$0.06-$0.30/extra min by tier.
Moat
ElevenLabs' competitive moat is built on superior voice quality and emotional realism achieved through proprietary AI models and training data, combined with network effects from its growing creator ecosystem and enterprise lock-in through integrated workflows. The company's defensible advantages include its demonstrated technical superiority (achieving higher Mean Opinion Scores than competitors like Google and Amazon), its advanced voice cloning technology requiring minimal training data, and its established footprint across 41% of Fortune 500 companies that creates switching costs through embedded integrations. Additionally, ElevenLabs benefits from brand recognition and first-mover advantage in the synthetic voice market, reinforced by continuous machine learning improvements and a platform that fosters user-generated voice models.
Headwinds
Voice cloning technology faces increasing regulatory scrutiny and potential restrictions due to deepfake concerns.