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About ElevenLabs
Industries
Consumer Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series C
Total Funding
$273.3M
Headquarters
New York City, New York
Founded
2022
Overview
Eleven Labs focuses on voice technology, providing a platform that generates long-format speech in various voices and languages. This technology is designed for content creators, publishers, and media production businesses, enabling them to create audiobooks, podcasts, and voiceovers with natural-sounding voices. Users can access the platform through a subscription model, allowing them to scale their usage based on their needs. Eleven Labs differentiates itself by continuously enhancing its AI algorithms and expanding its voice and language options, catering to the increasing demand for personalized audio experiences. The company's goal is to transform storytelling by offering high-quality voice generation tools that enhance the way audio content is produced.
Simplify's Take
What believers are saying
- Growing demand for multilingual voice solutions boosts ElevenLabs' market potential.
- AI-driven personalization trends align with ElevenLabs' customizable voice solutions.
- Podcast industry growth presents a lucrative market for ElevenLabs' voice generation tools.
What critics are saying
- Increased competition from tech giants like Google and Amazon threatens market share.
- Rapid AI development by competitors may outpace ElevenLabs' innovations.
- High valuation pressures ElevenLabs to deliver rapid, potentially unsustainable growth.
What makes ElevenLabs unique
- ElevenLabs offers a unique platform for generating long-format speech in any language.
- Their Scribe model achieves 97% accuracy, outperforming major competitors in speech-to-text.
- ElevenLabs partners with platforms like Pocket FM to convert text into audio content.
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Funding
Total Funding
$273.3M
Above
Industry Average
Funded Over
5 Rounds
Andreessen Horowitz
SV AngelBenefits
Remote Work Options
Flexible Work Hours
Professional Development Budget
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -3%2 year growth
↑ 27%This week in artificial intelligence, Google debuted two updates for its AI features, T-Mobile parent company Deutsche Telekom plans to introduce an AI phone, Gap is pursuing AI innovations, and Amazon is developing a new reasoning model and creating an agentic AI unit. Google Expands AI Overviews and Introduces AI Mode. Google is incorporating more generative AI into search with the introduction of AI Mode, as it defends its core business from being siphoned away by AI chatbots like ChatGPT
ElevenLabs recently hosted its inaugural Worldwide Hackathon, an event that brought together hundreds of developers to create innovative AI agents.
ElevenLabs has launched Scribe, a speech-to-text model with 97% accuracy in English and support for over 99 languages. It outperforms Google’s Gemini 2.0 Flash and OpenAI’s Whisper Large v3 in benchmarks. Scribe features speaker diarization, word-level timestamps, and non-verbal audio tagging. Priced at $0.40/hour with a 50% introductory discount, it targets enterprise transcription needs. The launch follows a $180 million funding round, valuing ElevenLabs at $3.3 billion.
ElevenLabs, the highly-valued AI voice cloning and generation startup from former Palantir alumni, has introduced Scribe v1, its new speech-to-text model, which reportedly achieves the highest accuracy across multiple languages.
Geçtiğimiz günlerde yazarların kendi sesli kitaplarını oluşturup yayınlamalarına imkan tanıyan ElevenLabs, şimdi de ilk bağımsız konuşmadan metne modeli Scribe ile karşımızda.VIDEOElevenLabs'in Scribe ile Gladia, Speechmatics, AssemblyAI, Deepgram ve OpenAI'ın Whisper modellerine rakip olmaya hazılandığını söyleyebiliriz. Şirketin paylaştığına göre Scribe, FLEURS Common Voice benchmark testlerinde Google Gemini 2.0 Flash ve Whisper Large V3'ü birden fazla dilde geride bıraktı.ElevenLabs'ın Scribe modeli şu an için 99'dan fazla dili destekliyor. Şirketin belirttiğine göre; kelime hata oranı yüzde 5'ten az. Bu bağlamda şirket, model kapsamında 25'ten fazla dili mükemmel doğruluk kategorisinde sınıflandırıyor. Bu listede yüzde 97 doğruluk oranı ile İngilizce, Fransızca, Almanca, Hintçe, Endonezce, Japonca, Kannada, Malayalam, Lehçe, Portekizce, İspanyolca ve Vietnamca yer alıyor.Modelin özellikleri arasında kimin konuştuğunu belirtmek için akıllı hoparlör günlüğü, doğru altyazılar için kelime düzeyinde zaman damgası ve izleyicilerin gülmesi gibi ses olaylarını otomatik olarak etiketleme yer alıyor. Bu yeni model sayesinde müşteriler, altyazı veya resim yazısı eklemek için video içeriğini doğrudan yazıya dökebiliyor
ElevenLabs is Hiring for 15 Jobs on Simplify!
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About ElevenLabs
Industries
Consumer Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series C
Total Funding
$273.3M
Headquarters
New York City, New York
Founded
2022
ElevenLabs is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today