The Ledger
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Stebbings: ElevenLabs has secured government buy-in across all major Western democracies
“Now, 11 Labs is an unstoppable machine at this point, to the point where it has government buy-in across All of the large major Western democracies.”
Stebbings: ElevenLabs has $800M in revenue and is raising at $22B
“I think 11 Labs is at eight hundred million in revenue. Raising it twenty two billion.”
Weitzman: Speechify's Simba 3.2 API costs $10 per million characters
“11 charges 10, a hundred dollars per million characters. The OpenAI model on the benchmarks cost a 196 dollars per million characters. So ours, when we sell it to other B to B companies now, we just launched our API, Simba, 3.2, it costs 10 dollars per million…”
Lemkin: ElevenLabs generated $330M in revenue last year
“So my point is 11 Labs ended last year. They just said it. Mahdi is such a great CEO on so many levels, right? So charismatic, so good. Three hundred and thirty million in revenue from nothing.”
Breakout AI companies achieve massive scale with near-zero customer acquisition costs
“11 Labs has this, ChatGPT has this, XAI has this where it's organic customer acquisition or, you know, very low cost sales acquisition, Abridge, Harvey, companies where, like, the market is just absolutely starving for their product.”