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The annual recurring revenue of AI speech startup ElevenLabs has exceeded $330 million. CEO Mati Staniszewski emphasized that the company experienced rapid growth from $100 million to $200 million, followed by an even faster cycle reaching the current level. The company was valued at $3.3 billion after completing financing in June 2025. Its voice agent technology has been widely adopted by Fortune 500 companies and startups, handling over 50,000 calls per month. ElevenLabs has expanded its business into music creation and has reached voice collaboration agreements with some celebrities.