Eleven Labs' Explosive Revenue

Siqi Chen shares a story about Eleven Labs' remarkable growth in the AI audio space.

"Eleven Labs - that's probably a master in that company. They do basically all of the audio translation, generation, sometimes deep fakes. When I met them, they were less than 10 people. They were ex-Google, working on the foundational model technology. They are now in the hundreds of millions of AR in like a year or two, a year and a half or so.

What blew my mind is I never seen a group of very good technologists that were also so good at commercializing the technology so rapidly. There's that graph for Wise and the fastest growing SaaS companies, and I think Coursera is up there. I am fairly convinced that Eleven Labs is actually faster than all of them.

They have their own foundational models, and the quality and expressiveness is just better, and the form factor is better. You can use it for all these different use cases. Apple has audiobooks - a lot of this AI generated content is powered by Eleven Labs. They also do AI agents for customer service and support. They have all kinds of product lines - they sell to book publishers, they power agents, they do a whole lot."