ElevenLabs Rockets from Polish Startup to Multi-Billion Dollar AI Voice Giant

A four-year-old outfit from Poland called ElevenLabs has turned heads by building AI voices realistic enough to fool your mom, according to a Forbes profile. Its two founders, both Forbes 30 Under 30 honorees, reached billionaire status from this growth. The company started small but now pulls in serious cash—$193 million in trailing 12-month revenue, split roughly 50/50 between big corporate clients like Cisco and individual creators such as YouTubers, podcasters, and authors. Check the full revenue breakdown in that same piece.

Liberty Global Investment Deal

ElevenLabs, founded in 2022 to make voice AI speak naturally in any language, just landed a strategic investment from Liberty Global Ventures. That deal includes a commercial partnership focused on telecom and entertainment uses, like AI customer service agents and voice controls for TVs. Mati, one of the co-founders, called it a big step toward reaching millions of households. Liberty’s Rebecca Hunt praised the team for defining voice tech’s future. Details from the announcement.

Early backer Carles Reina, who was ElevenLabs’ first investor, recently spun out his own €12.9 million fund, Baobab Ventures, to bet on AI, robotics, and defense startups. This points to strong belief in ElevenLabs, now at over $200 million in annual recurring revenue. More on Reina’s move.

Expansion into Japan and India

ElevenLabs opened its first overseas subsidiary in Tokyo, ElevenLabs G.K., led by tech vet Hajime Jim Tamura (ex-SAP and Microsoft Japan). They’re partnering with outfits like NTT DOCOMO’s innovation arm, TBS broadcaster, and others to blend AI dubbing with translation tech. VP Carles Reina highlighted Japan’s language quirks and tech scene as perfect fits, backed by investors like Andreessen Horowitz. Full story here.

India’s become ElevenLabs’ top market for signups and No. 2 for enterprise revenue in just one year. Companies like Meesho use it for thousands of daily support calls; Pocket FM for cheap multilingual audio. They’ve added Hindi, Tamil, and 10 more local languages, plus grants for 500+ startups and data residency there. Even dubbed a Modi-Fridman chat from Hindi to English. India details.

From a Warsaw garage to multi-billion valuation and worldwide deals, ElevenLabs proves voice AI’s hot right now.