--- title: ElevenLabs' CEO on $600m revenue and the AI labs | daily.dev description: ElevenLabs CEO Mati Staniszewski appeared at the RAISE Summit in Paris, discussing the company's rapid revenue growth from $100m ARR in 20 months to a reported... canonical: https://daily.dev/posts/elevenlabs-ceo-on-600m-revenue-and-the-ai-labs-qwqtpraoq twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: ElevenLabs' CEO on $600m revenue and the AI labs | daily.dev og:description: ElevenLabs CEO Mati Staniszewski appeared at the RAISE Summit in Paris, discussing the company's rapid revenue growth from $100m ARR in 20 months to a reported... og:url: https://daily.dev/posts/elevenlabs-ceo-on-600m-revenue-and-the-ai-labs-qwqtpraoq og:image: https://api.daily.dev/og/posts/QWqtPrAOQ.png og:image:alt: ElevenLabs' CEO on $600m revenue and the AI labs og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # ElevenLabs' CEO on $600m revenue and the AI labs **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 1 upvotes · 0 comments ## Summary ElevenLabs CEO Mati Staniszewski appeared at the RAISE Summit in Paris, discussing the company's rapid revenue growth from $100m ARR in 20 months to a reported $600m run rate, and its $22bn valuation. He outlined the company's lean engineering-first structure with no product managers, its voice AI moat strategy against OpenAI, Anthropic, and Google, and real-world use cases including payment reminders with Revolut and Klarna, licensed celebrity voices, and helping people who lost their voice to illness. Staniszewski also addressed voice cloning misuse, moderation efforts, and a $22m creator payout program for voice actors. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How fast did ElevenLabs grow its revenue to reach a $600m run rate? ElevenLabs reportedly took about 20 months to reach $100m in annual recurring revenue after shipping its first human-sounding text-to-speech model in early 2023, then roughly 10 months to hit $200m, and just five months more to reach $300m by the end of the following year. Its run rate was recently pegged near $600m, coinciding with talks at a $22bn valuation. _daily.dev tracks fast-moving AI startup stories for developers watching how voice AI business models evolve._ ### How does ElevenLabs structure its teams without product managers? ElevenLabs runs on small teams of five to ten people and has never hired product managers, instead embedding engineers directly into functions like legal, talent, and go-to-market. These engineers build internal automations and help non-technical colleagues adopt AI tools safely, including running security checks before anything ships. _Engineers exploring lean, PM-less org models can find similar operating playbooks on daily.dev._ ### How does ElevenLabs try to compete with AI labs like OpenAI and Anthropic that it depends on for models? ElevenLabs stays model-agnostic, letting customers pick any underlying model from OpenAI, Anthropic, or Google without locking into one vendor, while betting its real moat is the voice layer itself. It leans on architecture-focused research, more than 1,000 contractors labeling audio data, industry-specific products, and a voice and integrations ecosystem, while also exploring building its own models as insurance. _daily.dev helps developers follow how voice AI startups position themselves against the foundation model labs they depend on._ ## Similar posts on daily.dev - [20 minutes with the CEO of ElevenLabs, now reportedly valued at $22B](https://daily.dev/posts/20-minutes-with-the-ceo-of-elevenlabs-now-reportedly-valued-at-22b-00rbvannl) · TechCrunch · 0 upvotes · 0 comments - [ElevenLabs doubles its valuation to $22bn in a $300m share sale](https://daily.dev/posts/elevenlabs-doubles-its-valuation-to-22bn-in-a-300m-share-sale-yfcdlsynw) · The Next Web · 0 upvotes · 0 comments - [ElevenLabs CEO says the voice AI startup crossed $330 million ARR last year](https://daily.dev/posts/elevenlabs-ceo-says-the-voice-ai-startup-crossed-330-million-arr-last-year-idrrexq6x) · TechCrunch · 0 upvotes · 0 comments - [AI voice startup ElevenLabs doubles valuation to $22B](https://daily.dev/posts/ai-voice-startup-elevenlabs-doubles-valuation-to-22b-4sb196mrh) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#ai-agents](https://daily.dev/tags/ai-agents), [#text-to-speech](https://daily.dev/tags/text-to-speech), [#voice-ai](https://daily.dev/tags/voice-ai), [#elevenlabs](https://daily.dev/tags/elevenlabs) [View this post on daily.dev](https://daily.dev/posts/elevenlabs-ceo-on-600m-revenue-and-the-ai-labs-qwqtpraoq) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"ElevenLabs' CEO on $600m revenue and the AI labs","url":"https://daily.dev/posts/elevenlabs-ceo-on-600m-revenue-and-the-ai-labs-qwqtpraoq","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/elevenlabs-ceo-on-600m-revenue-and-the-ai-labs-qwqtpraoq"},"datePublished":"2026-07-08T17:53:09.140Z","dateModified":"2026-09-14T08:17:28.585Z","description":"ElevenLabs CEO Mati Staniszewski appeared at the RAISE Summit in Paris, discussing the company's rapid revenue growth from $100m ARR in 20 months to a reported...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/49469715f651c65ccb5febdb8ba44a46?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/49469715f651c65ccb5febdb8ba44a46?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/elevenlabs-ceo-on-600m-revenue-and-the-ai-labs-qwqtpraoq","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":1},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"startup,ai-agents,text-to-speech,voice-ai,elevenlabs","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"ElevenLabs' CEO on $600m revenue and the AI labs"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/elevenlabs-ceo-on-600m-revenue-and-the-ai-labs-qwqtpraoq#faq","mainEntity":[{"@type":"Question","name":"How fast did ElevenLabs grow its revenue to reach a $600m run rate?","acceptedAnswer":{"@type":"Answer","text":"ElevenLabs reportedly took about 20 months to reach $100m in annual recurring revenue after shipping its first human-sounding text-to-speech model in early 2023, then roughly 10 months to hit $200m, and just five months more to reach $300m by the end of the following year. 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