The Ledger
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ElevenLabs built its own data centers for training AI models
“So we've built our own data centers for training, and then for inference, we of course use some of our great partners across across the traditional.”
ElevenLabs is considering acquiring a company worth hundreds of millions
“One that, that is, we are considering is an acquisition of another company now, which is a big company. And that company, you know, is in hundreds of millions of dollars.”
ElevenLabs Reaches $200M ARR, Doubling Revenue in 10 Months
“So we crossed two hundred million now. 20 months to hundred, and then 10 months to 200.”
ElevenLabs raised its pre-seed round at a $9M post-money valuation
“Nine million post. The amount was exactly 11% of the equity that, that, that the first investor was buying, and then the other ones were layered in.”
Staniszewski: ElevenLabs Pitched Lower-Priority VCs First to Test Pitch Messaging
“The way we approach fundraising was always, you know, especially in the early days, like, queue, queue investors we really care about, and First speak with maybe one or two that maybe aren't a priority so we understand whether, like, we are at all kind of perc…”
ElevenLabs has 250 employees split into roughly 20 small teams
“As an organization today, we are, you know, we're 250 people, but really it's more like 20 teams couldn't go to market of like five to 10 people that are just executing on specific project where where They have higher ownership.”
Staniszewski: ElevenLabs raised at 30x revenue at $80M ARR
“Well, it was, you know, I think the first, so we did the round in October of 24, so we were probably at 80 when we got the docs, and then it was signed then. We, so the way we approached any of the fundraisers, it's, can we bring some of the bets forward? In t…”
ElevenLabs offers employee secondary sales in almost every funding round
“Almost every round we can, we do secondary and a tender offer for all employees that have vested stock so they can sell the stock.”
Staniszewski: ElevenLabs V3 combines reasoning and speech in a multimodal architecture
“Over what is now more of a theme where you kind of train a more of a multimodal approach where you combine a reasoning and speech together to create even better speech experience. So that's our most recent generation is effectively that the Releven v. Free.”
Staniszewski: Early YouTuber outreach for AI dubbing yielded lackluster interest
“There's like roughly, it was like, 15% reply rate initially from the first batches that we sent. I mean, we sent thousands of them. But the interest was like lackluster. All of them were, it's like, oh, I don't fully believe this is possible.”