ElevenLabs Statistics By Market Size, Revenue and Users (2026)

Introduction

ElevenLabs Statistics: Think about a voice that is so natural and emotionally intelligent that you really cannot say whether you are conversing with a human or AI. This is not the plot of a sci-fi movie, but ElevenLabs in 2026. During the last few months, the company that is barely four years old has made waves within enterprises through partnering with tech industry titans such as Google Cloud, securing mind-blowing fundraising efforts that caught everyone’s attention in Silicon Valley, and launching product updates that are literally revolutionising business communication through customer conversations.

Whether it used to provide Fortune 500 companies with customer support or help people recover their voice, ElevenLabs is silently laying the foundations of the audio network for the agentic economy. Most people see them as nothing more than a “text-to-speech” solution. This report will reveal to you all the newest numbers related to ElevenLabs funding, updates, partnerships, and developments, showing why now is the time when voice AI has reached its full potential.

Editor’s Choice

1. Over a billion users utilise the voice technology provided by ElevenLabs through API integration with large firms like Meta, Salesforce, and Epic Games.
2. The worldwide internet-based AI audio applications market stood at USD 1.396 billion in 2025 and is expected to grow to USD 2.696 billion by 2032 at a CAGR of 10%.
3. ElevenLabs has surpassed the milestone of having more than 1 million users to-date on its platform.
4. In 2026, ElevenLabs saw revenue of over USD 100M, compared to less than USD 5M in 2023.
5. ElevenLabs has raised USD 781M to date.
6. Users will be able to use a library of over 10,000 human-sounding voices that includes celebrity voices on license.
7. On voice quality performance, ElevenLabs occupies four out of the ten positions on the list, but is overshadowed by Inworld’s ELO rating of 1189.

General ElevenLabs Statistics

• The voice AI startup ElevenLabs made news when it secured a USD 500 million Series D, raising the company’s valuation to an impressive USD 11 billion in February 2026.
• The ARR of the business soared above USD 330 million in 2025, with Mati Staniszewski, the company’s CEO, targeting twice that amount in 2026.
• Over a billion users utilise the voice technology provided by ElevenLabs through API integration with large firms like Meta, Salesforce, and Epic Games.
• The platform supports 70+ languages and is equipped with a voice library of 6,000+ voices, including celebrity voice clones such as Michael Caine.
• As many as 41% of the Fortune 500 firms are using ElevenLabs’ technology in customer support and internal training programs.
• Traffic from website searches on the company’s site totaled a whopping 4.5 million visits in March 2026, with almost one-third of users hailing from India.
• 414 enterprise businesses are reportedly active on the ElevenLabs platform, with the software development industry accounting for 19% of those firms.
• The company’s voice marketplace had made over USD 5 million in royalties to about 10,000 creators sharing their voice clones.

ElevenLabs Market Size Statistics

• The worldwide internet-based AI audio applications market stood at USD 1.396 billion in 2025 and is expected to reach USD 2.696 billion by 2032, at a CAGR of 10%.
• ElevenLabs has a market share of 0.28% in the broader AI industry and ranks #26 among rivals such as Grok (38.14%) and OpenAI (13.09%).
• The organization has attracted 792 enterprise clients worldwide since 2026, with the US as the dominant market region at 54.08%, followed by India at 12.76%.
• ElevenLabs has achieved a remarkable ARR of USD 330 million as of January 2026, a significant milestone compared to its prior financial performance.

(Reference: ElevenLabs)

ElevenLabs Users Statistics

• ElevenLabs has surpassed the milestone of more than 1 million users to date on its platform, marking an aggressive push to scale its infrastructure and multilingual models.
• In just six months since the release of its mobile app for Android, ElevenLabs has recorded 3.6 million downloads, while the monthly number of active users stands at 558,000.
• More than 1,000 Indian startups have signed up for ElevenLabs’ global grants program, positioning India as ElevenLabs’ second-largest market and developer community.
• Forty-one percent of Fortune 500 companies are now leveraging ElevenLabs’ voice tech to provide customer support, conduct training sessions, and engage in conversational commerce.
• ElevenLabs’ platform generates more than 1 million voice requests per day, boasting 94% ratings for human-like qualities in blind tests, with voices rated as good as human in 8 out of 10 trials.
• MasterClass has reported adoption rates of over 75% for voice interactions, compared to conventional chat features, by using ElevenLabs’ AI instructor-coaching voices.

ElevenLabs Revenue Statistics

• In 2026, ElevenLabs saw revenue of over USD 100M, compared to less than USD 5M in 2023, demonstrating an unprecedented market expansion and adoption rate.
• According to Sacra, ElevenLabs reached an ARR of USD 330M in 2025, growing 175% year-on-year from USD 120M at the end of 2024.
• The firm’s source of income is mainly derived from the AI voice platform ElevenLabs utilizes, which serves 41% of the Fortune 500 firms.
• It follows a freemium business model with premium packages priced at USD 22 for creators and custom enterprise rates dependent on usage levels.
• ElevenLabs is transitioning from foundation models to application layers and constructing the Adobe Creative Cloud (USD 13B annually) for AI audio creation. Sacra forecasts that ElevenLabs will cross USD 90M ARR by October 2024, marking a 260% growth YoY.
• ElevenLabs’ biggest corporate deals total more than USD 2M, and its revenue per employee is notably high, as it prioritizes efficiency amid plans to expand the staff count to 400 employees by the end of 2025.

(Reference: sacra.com)

ElevenLabs Valuation Statistics

• By February 2026, ElevenLabs had raised USD 500M in its Series D round with Sequoia Capital being the lead investor at an USD 11B valuation, with Andrew Reed from Sequoia Capital being appointed as a member of its board.
• This round of funding increased the company’s valuation from USD 3.3B in January 2025 by three times, with the series of funding in the amount of USD 180M.
• Currently, the firm plans to become an IPO candidate in 2-3 years’ time, although no investment banking firms have yet taken part in the offering.
• Back in September 2025, ElevenLabs made a USD 100M staff tender offer at the USD 6.6B valuation, supported by Sequoia, Iconiq, and Andreessen Horowitz.
• Before that, the company was valued at USD 3.2B following its rounds of funding with support from Iconiq and A16Z, while in January 2024, it reached the valuation of USD 1.1B after an USD 80M Series B.
• ElevenLabs has raised USD 781M to date.

ElevenLabs Price Statistics

• The Starter plan is priced at USD 5 a month, but creators soon move up to the USD 22 Creator plan to gain access to Professional Voice Cloning with an allowance of 100,000 characters a month.
• When users monetize any content that they are creating, either on YouTube or for a client, they will have to choose from either the USD 5/month plan or above in order to get a commercial license.
• For high-volume users, users can go for the Business tier that costs USD 1,320/mo to process 11 million characters a month (approximately 366 hours of audio).
• By going with annual billing, users get an automatic 17% discount, which means two free months for the price of ten. In addition to this, Flash models require only 0.5 credits per character.

ElevenLabs Voice Types Statistics

• Users will be able to use a library of over 10,000 human-sounding voices that includes celebrity voices on license, among them the legendary British actor Michael Caine.
• Everything is in the selection of the model: Fast-paced Flash v2.5 will provide users with a 50 ms response speed for live chat, whereas the premium Eleven v3 can produce voices in a staggering 74 languages.
• In order to speak in the accents typical of locals in Tokyo or Mexico City, users have to opt for Professional Voice Cloning since the default AI voices have been found to possess strong accents of English.
• This is why the novel Multilingual v2 model will be a huge help for international artists, as it maintains the natural accent of your voice when you speak in any of 28 languages, including Arabic and Mandarin.
• ElevenLabs is second to none on the market with its outstanding pronunciation accuracy of 81.97% and outperforms OpenAI in technical narration.

ElevenLabs Voice Cloning Statistics

• Voice Cloning for Professionals requires considerable commitment; users have to provide at least 30 minutes of clean audio, but providing 3 hours of audio results in the most accurate reconstruction of the user’s voice and its range of emotions.
• The Instant option can work with just under 1 minute of audio and suits 99% of users looking for a rapid creation of their digital double without the hassle.
• Once the user has uploaded the 30-minute audio file and opted for Professional Clone, the user will have to wait for 2-4 hours before ElevenLabs is done training your voice model.
• A comparative analysis of 1,334 samples revealed higher scores for competing solutions in terms of preserving nuanced speaker identity (CAM similarity: 0.71 vs. ElevenLabs v2: 0.39).

ElevenLabs Competition Statistics

• Among other companies in the AI speech model competition across the world, ElevenLabs occupies a market share of 0.28%, fighting alongside heavyweights such as Grok, occupying 38.14%, and OpenAI, holding 13.09%.
• Despite the difference in profitability, ElevenLabs Scribe v2 leads the way with an impressive 2.3% word error rate, outperforming the 2.9% word error rate offered by Google’s Gemini 3 Pro.
• On voice quality performance, ElevenLabs occupies four out of the ten positions on the list, but is overshadowed by Inworld’s ELO rating of 1189.

ElevenLabs Recent Statistics

• ElevenLabs received a USD 500 million Series D investment, backed by Sequoia Capital, making the company worth USD 11 billion. This was more than triple its previous USD 3.3 billion valuation, which was achieved after just 13 months from January 2025.
• On November 12, 2025, Scribe v2 Realtime was released by ElevenLabs. It was the company’s fastest and most precise live speech recognition model, with a groundbreaking delay of 150 milliseconds. The model supported more than 92 languages, making it faster compared to those that take 300 ms+.
• On March 6, 2026, Voice Design v3 was introduced by ElevenLabs. This was a tool that helped create an AI voice from text within a second, while Eleven Multilingual v2, an important speech model for 28 languages, was taken out of the beta stage to ensure consistency of accent in all languages.
• On February 27, 2026, Elevenlabs made a deal with Google Cloud. As a result, they got NVIDIA G4 VMs with Blackwell GPUs to support Google’s Gemini and Veo models as part of their Agent Platform.
• On March 16, 2026, ElevenLabs made its first deal with the Big Four consultancy firm Deloitte, focusing on conversational AI agents.

Conclusion

From an overall perspective, ElevenLabs can no longer be categorised as merely another synthetic voice company, but as a company that is quickly becoming the audio foundation for worldwide enterprise AI systems. This is clear in their most recent financial achievements, such as their jump in valuation and their substantial fundraising campaign. They have made it clear that their goal is to move away from mere text-to-speech technology and towards more complex conversational agents.

They are well on their way to achieving this vision by making key strategic decisions, such as forming alliances with Google Cloud to ensure the necessary computing resources are available and working with IBM to integrate their services within the enterprise space.

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