ElevenLabs reaches $600M ARR at $22B valuation

ElevenLabs says it is now pacing at $600 million in annual recurring revenue, with more than 55% from enterprise customers, while backers reportedly value the four-year-old voice-AI company at $22 billion, TechCrunch reports. CEO Mati Staniszewski also says Klarna uses ElevenLabs for first-line phone support for 35 million U.S. customers, even as the company increasingly competes with customers that build on its voice layer. Builders choosing a voice platform should read that mix as scale plus platform risk: our contact-center revenue bridge is a useful adjacent benchmark, but validate margins, disclosure, and model portability before making ElevenLabs a single-vendor dependency.