Search results for Mati Staniszewski
AI & Enterprise
Voice AI firm ElevenLabs raises $500 million, valuation tops $11 billion
Voice AI company ElevenLabs has raised $500 million in a funding round led by Sequoia Capital, TechCrunch reported on Feb. 4. Existing investors a16z and ICONIQ participated, while new investors included Lightspeed Venture Partners, Adventic Capital and BOND. The round valued ElevenLabs at $11 billion, more than triple its valuation in a funding round completed in January last year. The company plans to use the funds for R&D and global expansion.
AI & Enterprise
AI sales concentration deepens as AI-native firms seek to diversify beyond subscriptions
Revenue at AI-native companies selling AI models or services is rising, but sales are heavily concentrated. OpenAI and Anthropic account for nearly 85 percent of annualised revenue among the top 10, and the top 10 reach 94 percent combined. Some apps have passed annualised revenue milestones, and ad-based models are emerging. OpenEvidence sells chatbot ads to doctors and drugmakers. Despite growth, uncertainty persists as many firms remain loss-making and face competition from model providers.
AI & Enterprise
ElevenLabs posts rapid growth in voice AI, ARR tops $330 million in 2025
Voice AI startup ElevenLabs recorded $330 million in annual recurring revenue as of end-2025. TechCrunch reported that CEO Mati Staniszewski told Bloomberg the company hit $100 million ARR 20 months after its 2022 founding and crossed $300 million five months later. The company said its voice agent technology is used from Fortune 500 firms to startups and handles more than 50,000 customer service calls a month. In June 2025, it raised $180 million in a Series C round led by Andreessen Horowitz and ICONIQ Growth, valuing it at $3.3 billion.