ElevenLabs hits $22B valuation with $600M in AI voice revenue

elevenlabs, a four-year-old company building ai voice models, has achieved a $22 billion valuation with $600 million in annual recurring revenue. its clients include klarna, which uses its platform for first-line phone support for 35 million u.s. customers, as well as deutsche telekom, cisco, adobe, and various governments. the company's ceo, mati staniszewski, discussed its growth, competition, and future plans, including passing the turing test for conversational ai. elevenlabs faces competition from customers like decagon, which trained its voice product on elevenlabs' models.