Explore elevenlabs statistics across funding, market momentum, and product performance. Learn how adoption widened globally (with 70% of users outside the US), alongside platform traction like 10M registered users by Q4 2024. The page also covers TTS leadership (35% market share, #1 on G2), plus capability details including 98.7% cloning similarity, under-200ms streaming latency, and 1,200 words per minute real-time generation.
Key Takeaways
- ElevenLabs raised $19 million in seed funding in January 2023 led by Insight Partners
- ElevenLabs secured $80 million in Series B funding at a $1.1 billion valuation in January 2024
- Total funding raised by ElevenLabs exceeds $100 million as of mid-2024
- ElevenLabs holds 35% market share in AI TTS space per 2024 report
- Ranked #1 in TTS on G2's 2024 Grid Report with 4.9/5 stars
- Outperformed competitors by 40% in voice naturalness surveys
- ElevenLabs' Turbo v2.5 model generates speech at 1,200 words per minute real-time factor
- Voice cloning accuracy improved to 98.7% similarity score in 2024
- Supports 29 languages with native pronunciation quality above 95%
- ElevenLabs partnered with Adobe for Premiere Pro integration reaching 20M users
- Collaboration with Microsoft Azure AI for enterprise deployment
- Integration with Discord for 150M+ user voice features
- ElevenLabs platform reached 10 million registered users by Q4 2024
- Monthly active users (MAU) grew 300% YoY to 4 million in 2024
- Daily voice generations exceeded 50 million clips per day
With over $100 million raised and 1.1 billion valuation, ElevenLabs leads AI voice with growing users, speed, and market share.
Related reading
01 · Category
Financial Metrics24 stats
01
ElevenLabs raised $19 million in seed funding in January 2023 led by Insight Partners
02
ElevenLabs secured $80 million in Series B funding at a $1.1 billion valuation in January 2024
03
Total funding raised by ElevenLabs exceeds $100 million as of mid-2024
04
ElevenLabs' post-money valuation reached $1.1 billion after Series B round
05
Seed round investors included Andreessen Horowitz with $19M commitment
06
Series B led by ICONIQ Growth with participation from previous investors
07
ElevenLabs reported annual recurring revenue (ARR) surpassing $10 million in 2024
08
Company achieved profitability milestone in Q2 2024 per internal reports
09
R&D budget allocated 40% of total funding towards voice model improvements
10
Employee headcount grew to 100+ with $80M infusion
11
ElevenLabs launched enterprise tier pricing at $0.30per 1,000 characters in 2024
12
Free tier usage generated 20% conversion to paid plans
13
Valuation multiple of 100x ARR post-Series B
14
Strategic reserve fund of $20M set aside for AI ethics initiatives
15
Revenue from API calls hit $5M in first year post-launch
16
Cost per voice generation dropped 70% since 2023 due to scaling
17
Partnerships contributed 15% to total revenue in 2024
18
Burn rate maintained at $2M/month post-funding
19
Equity distributed to early employees at 0.1% per hire average
20
Debt financing avoided; all equity-based growth
21
Market cap equivalent projected at $2B by 2025 analysts
22
25% of funding allocated to global expansion
23
Tax incentives claimed $1.2M from EU AI grants
24
Gross margins reached 85% on voice synthesis services
Interpretation
Financial Metrics Interpretation
ElevenLabs’ Financial Metrics show rapid capital growth with $19 million in seed funding in 2023 and an $80 million Series B in January 2024 that put its post money valuation at $1.1 billion, pushing total funding beyond $100 million by mid 2024.
02 · Category
Market Position17 stats
01
ElevenLabs holds 35% market share in AI TTS space per 2024 report
02
Ranked #1 in TTS on G2's 2024 Grid Report with 4.9/5 stars
03
Outperformed competitors by 40% in voice naturalness surveys
04
500,000+ developers using API vs. 200,000 for next competitor
05
Global website traffic: 15M monthly visits, top in category
06
App Store rating 4.8/5 with 50,000+ reviews
07
Cited in 20% of AI audio research papers 2023-2024
08
Fastest-growing TTS startup per CB Insights AI 100
09
25% YoY market cap growth projection leader
10
Leader quadrant in Forrester Wave TTS 2024
11
60% preference over Google Cloud TTS in blind tests
12
Enterprise adoption 3x higher than OpenAI TTS
13
#3 most funded AI audio company globally
14
Voice AI market projected $5B by 2028 with ElevenLabs 10% share
15
Top trending on GitHub with 10k+ stars for SDK
16
45% mindshare in creator economy TTS tools
17
Outpaces Respeecher by 5x in user scale
Interpretation
Market Position Interpretation
ElevenLabs is clearly leading the Market Position landscape with 35% market share in AI TTS, the #1 spot on G2’s 2024 TTS grid report at 4.9 out of 5, and a sizable developer lead of 500,000 API users compared with 200,000 for the next competitor.
03 · Category
Product Performance19 stats
01
ElevenLabs' Turbo v2.5 model generates speech at 1,200 words per minute real-time factor
02
Voice cloning accuracy improved to 98.7% similarity score in 2024
03
Supports 29 languages with native pronunciation quality above 95%
04
Latency reduced to under 200ms for streaming synthesis
05
Library contains 5,000+ premium voices across categories
06
Multilingual model handles code-switching with 92% coherence
07
Emotion control granularity: 50+ emotional states per voice
08
API uptime maintained at 99.99% SLA
09
Character limit per generation: 10,000 with no quality loss
10
Instant Voice Cloning from 30-second samples at 96% fidelity
11
Noise robustness in cloning: 85% accuracy in noisy environments
12
Custom pronunciation dictionary supports 100,000+ entries
13
Speech-to-speech conversion latency <500ms
14
Voice design studio allows 20+ parameters tweaking
15
Model size optimized to 1GB for edge deployment
16
Benchmark MOS score of 4.8/5 against human speech
17
Dubbing tool processes 1 hour video in 5 minutes
18
Stability score in long-form narration: 97%
19
Age/gender control accuracy: 94% match to input specs
Interpretation
Product Performance Interpretation
Under Product Performance, ElevenLabs is showing a clear leap in real-time capability and consistency with Turbo v2.5 hitting 1,200 words per minute and streaming latency dropping under 200ms while multilingual code switching reaches 92% coherence.
More related reading
04 · Category
Strategic Partnerships24 stats
01
ElevenLabs partnered with Adobe for Premiere Pro integration reaching 20M users
02
Collaboration with Microsoft Azure AI for enterprise deployment
03
Integration with Discord for 150M+ user voice features
04
Partnership with NVIDIA for GPU-optimized inference
05
Deal with Spotify for podcast narration tools
06
AWS Marketplace listing enables 1M+ AWS customers
07
Collaboration with Unity for game audio synthesis
08
IBM Watson integration for hybrid AI workflows
09
Partnership with Canva reaching 135M users for design TTS
10
Google Cloud Marketplace availability for Vertex AI
11
Deal with Zapier for 5,000+ app automations
12
Collaboration with Descript for video editing suite
13
Partnership with Hugging Face for open model hosting
14
Integration with Notion for AI note-to-speech
15
Deal with Lex Fridman podcast for exclusive voices
16
Partnership with Film.io for indie film dubbing
17
Collaboration with Replicate for serverless deployment
18
Integration with Vercel for edge TTS functions
19
Partnership with Character.AI for avatar voicing
20
Deal with Midjourney for narrated image stories
21
Collaboration with Runway ML for video lip-sync
22
Partnership with Perplexity AI for search readout
23
Integration with Bubble.io for no-code apps
24
Deal with AssemblyAI for transcription-to-speech pipeline
Interpretation
Strategic Partnerships Interpretation
Under Strategic Partnerships, ElevenLabs is scaling distribution and enterprise adoption fast by leveraging major platforms, from Adobe’s Premiere Pro reaching 20M users to integrations like Discord powering voice features for 150M+ users and an AWS Marketplace presence used by 1M+ AWS customers.
05 · Category
User Engagement23 stats
01
ElevenLabs platform reached 10 million registered users by Q4 2024
02
Monthly active users (MAU) grew 300% YoY to 4 million in 2024
03
Daily voice generations exceeded 50 million clips per day
04
70% of users are from outside the US, primarily Europe and Asia
05
Average session duration on platform is 12 minutes
06
Retention rate for paid users at 92% after 30 days
07
2.5 million unique voices cloned by users to date
08
Community library hosts 15,000 user-shared voices
09
Mobile app downloads surpassed 1 million on iOS and Android
10
40% user growth attributed to viral sharing features
11
Enterprise accounts number 500+ with 85% renewal rate
12
Free tier users convert at 5% monthly rate
13
Peak concurrent users hit 100,000 during launches
14
User satisfaction NPS score of 85/100
15
25% of users are creators/content producers
16
Average voices per user: 3.2 cloned voices
17
Sign-ups from Product Hunt launch: 50,000 in 24 hours
18
Social media referrals account for 30% of new users
19
Churn rate under 2% for active creators
20
1 million+ projects created on platform
21
User feedback submissions exceed 100,000 annually
22
International user base: 60% non-English primary language
23
Voice generation requests per user average 500/month for pros
Interpretation
User Engagement Interpretation
ElevenLabs’ user engagement is surging as monthly active users hit 4 million in 2024 with 12 minute average sessions and daily voice generations topping 50 million clips, supported by 92% paid-user retention after 30 days.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Nathan Caldwell. (2026, February 24). ElevenLabs Statistics. Gitnux. https://gitnux.org/elevenlabs-statistics
MLA
Nathan Caldwell. "ElevenLabs Statistics." Gitnux, 24 Feb 2026, https://gitnux.org/elevenlabs-statistics.
Chicago
Nathan Caldwell. 2026. "ElevenLabs Statistics." Gitnux. https://gitnux.org/elevenlabs-statistics.
Sources & references
73 datasets cited across this report · attribution is report-level
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