ElevenLabs reportedly valued at $22B with $600M ARR

ElevenLabs, the AI voice model developer, is reportedly valued at $22 billion by its backers with $600 million in annual recurring revenue. More than 55% of its business comes from enterprise customers including Klarna, Deutsche Telekom, Cisco and Adobe.

• ElevenLabs reportedly valued at $22B with $600M ARR
• Enterprise accounts drive over 55% of revenue
• Klarna runs phone support for 35M US customers on ElevenLabs
• CEO Mati Staniszewski says businesses should disclose AI agent use