GoKawiilElevenLabs CEO discusses $22B valuation, $600M revenue run rate
In an interview at the Nrth conference in Toronto, ElevenLabs co-founder and CEO Mati Staniszewski discussed the AI voice company's growth, saying it is pacing at $600 million in annual recurring revenue and is reportedly valued at $22 billion by investors, four years after founding. He said the company powers phone support for clients including Klarna, Deutsche Telekom, Cisco, and Adobe, and increasingly competes with businesses that once trained on its technology, such as Decagon.
GoKawiil's interpretation of the reporting above, not reported fact.
Staniszewski's willingness to accept tighter gross margins suggests ElevenLabs is prioritizing market share over near-term profitability as voice AI models become more commoditized, a trend he predicted last year. The overlap with former customers like Decagon hints at intensifying competition in the voice-AI layer, which could pressure pricing and differentiation industry-wide as capabilities converge.
- ElevenLabs is reportedly valued at $22 billion, up sharply for a four-year-old company.
- The company says it is pacing at $600 million in annual recurring revenue from clients like Klarna and Cisco.
- Its CEO says he accepts margin compression to prioritize expanding market share amid rising competition from former customers.
Source: techcrunch.com — Connie Loizos, 2026-09-24
Published there as: “20 minutes with the CEO of ElevenLabs, now reportedly valued at $22B”
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