History of ElevenLabs in Timeline

By Popular Timelines Editorial Team · Updated: May 23, 2025

ElevenLabs is a software company focused on creating highly realistic and natural-sounding speech synthesis using advanced deep learning techniques. Their technology aims to revolutionize how we interact with machines and content by offering more human-like and engaging audio experiences. They provide tools and platforms for various applications, including content creation, accessibility, and entertainment. By leveraging AI, ElevenLabs enables users to generate lifelike voices for different characters, languages, and emotions, opening up new possibilities for storytelling and communication.

2022: ElevenLabs Founded

In 2022, ElevenLabs was co-founded by Piotr Dąbkowski and Mati Staniszewski, inspired by inadequately dubbed American films.

January 2023: Public Release of Beta Platform

In January 2023, ElevenLabs publicly released its beta platform.

January 2023: Securing $2 million pre-seed funding

In January 2023, ElevenLabs secured a $2 million pre-seed funding round, led by Credo Ventures and joined by Concept Ventures. The company's specialization in AI voice intelligence was a key factor in attracting investors. This funding was secured in January 2023.

June 2023: Reached one million registered users

By June 2023, ElevenLabs reached over one million registered users since its launch in January 2023.

June 2023: Raised $19 million in Series A funding

In June 2023, ElevenLabs raised a $19 million Series A funding round, valuing the company at approximately $100 million. The funding was co-led by Andreessen Horowitz, Nat Friedman, and Daniel Gross, with participation from other investors. Andreessen Horowitz also joined ElevenLabs' board in June 2023.

June 2023: Release of AI Speech Classifier

On June 20, 2023, ElevenLabs released the AI Speech Classifier, an AI recognition tool designed to detect audio samples generated by ElevenLabs' AI technology. The company also expressed interest in collaborating with other AI developers to create a universal detection system in June 2023.

July 2023: Announcement of "Projects"

In July 2023, ElevenLabs announced "Projects", a tool for creating long-form spoken content with contextually-aware synthetic or custom voices.

October 2023: Presentation of AI Dubbing

In October 2023, ElevenLabs presented "AI Dubbing," a tool capable of translating speech into over 20 languages while preserving the speaker's original voice, emotions, and intonation.

January 2024: AI-generated robocalls controversy

In January 2024, AI-generated robocalls, purportedly from Joe Biden, were sent to New Hampshire residents encouraging them to skip voting in the primary. The New Hampshire attorney general's office investigated the incident and linked it to ElevenLabs. CEO Mati Staniszewski stated the company's dedication to preventing misuse of AI tools in January 2024.

January 22, 2024: Raised $80 million in Series B funding and announced new products

On January 22, 2024, ElevenLabs secured $80 million in Series B funding, bringing the company's valuation to $1.1 billion. The funding round was led by Andreessen Horowitz, Friedman, Gross, and Sequoia Capital. Alongside the funding, ElevenLabs announced new products including Voice Marketplace, AI Dubbing Studio, and a mobile app on January 22, 2024.

May 2024: Shared Samples from Text-to-Music Model

In May 2024, ElevenLabs shared samples from their text-to-music model, though it was not yet available for public use.

June 2024: Released ElevenLabs Reader App

In June 2024, ElevenLabs released the ElevenLabs Reader App on iOS and Android, allowing users to listen to articles, PDFs, and ePubs with AI Voices on their phones.

July 2024: Released Voice Isolator

In July 2024, ElevenLabs released "Voice Isolator," a tool designed to remove background noise from audio.

November 2024: Released Conversational AI platform

In November 2024, ElevenLabs released Conversational AI, a developer platform for launching interactive voice agents.

January 30, 2025: Raised $180 million in Series C funding

On January 30, 2025, ElevenLabs announced their $180 million Series C funding, raising the total valuation of the company to $3.3 billion. The round was co-led by a16z and ICONIQ Growth with additional new investors NEA, World Innovation Lab (WiL), Valor, Endeavor Catalyst Fund and Lunate and brought on strategic investors including Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, NTT DOCOMO Ventures, and RingCentral Ventures.

February 2025: Introduced platform for AI-generated audiobooks and released Scribe

In February 2025, ElevenLabs introduced a new platform that enables authors to create and publish AI-generated audiobooks directly on its Reader app. Later that month, the company released Scribe, a speech-to-text model with character-level timestamps and speaker diarization.