← Embedded Finance Index 2026

ElevenLabs

“Can ElevenLabs become the default AI communications infrastructure layer — owning voice, audio, and agent interactions — across every language and vertical?”

Founded2022
HQLondon, UK (primary); New York City, NY, USA (secondary)
FoundersPiotr Dąbkowski, Mateusz Staniszewski
Total raised$781M
Latest roundSeries D, 2025
Valuation$11B post-money
IndustryInfrastructure / AI Voice & Audio
The story

Founded in 2022 as a research-first AI voice synthesis company, ElevenLabs launched with a single TTS API that rapidly gained developer adoption. The company expanded from English-only voice cloning into a 70+ language multilingual platform serving enterprise customers like Deutsche Telekom, Meta, and Nvidia. By 2025–2026 it had pivoted from a pure API/developer tool into a three-platform AI communications company — ElevenAPI (foundational models), ElevenCreative (consumer/creator content), and ElevenAgents (enterprise voice/chat automation) — while embedding a Stripe + Ramp + Deel finance stack to support its distributed 550-person, 50-country workforce.

Last 12 months
2026-09
2026-09
2026-09
2026-07
2026-06
2026-05
2026-02
Product timeline
2022
Founded by Piotr Dąbkowski and Mateusz Staniszewski; launched first human-like AI voice model.· pivot
2023
Released Eleven Multilingual v2 (Aug 2023) and Eleven Turbo v2 (Nov 2023), establishing the core TTS API product.· pivot
2024
Introduced ElevenAgents (conversational AI voice agents) and expanded into Speech-to-Text (Scribe); first finance hire onboarded Ramp for unified global finance ops.· banking
2025
Raised $500M Series D at $11B valuation; launched Eleven Flash v2.5 (ultra-low latency), Scribe (ASR), and ElevenCreative all-in-one creative platform.· pivot
2026
Launched Eleven v3 (most expressive TTS), Eleven Music, Scribe v2 Realtime, AI Image/Video generation, and ElevenAgents for enterprise verticals including Financial Services and Government.· pivot
The stack
8 layers disclosed in ElevenLabs’s embedded-finance stack
Payments / PSP
Stripe
Banking / BaaS
in the full report
Card network
in the full report
Lending
in the full report
Payroll
in the full report
Unified APIs
in the full report
KYC
in the full report
Accounting
in the full report
Accounting gap: minor
7 more providers across 7 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.