ElevenLabs Targets $11B IPO Readiness Within Three Years

ElevenLabs, the New York-headquartered AI voice synthesis leader, has officially signaled its intent to go public within the next two to three years. This announcement, made by CEO Mati Staniszewski, marks a pivotal moment for the artificial intelligence sector, which has seen a flurry of private investment but few concrete paths to the public markets. Valued at $11 billion following a recent $500 million funding round led by Sequoia Capital, Andreessen Horowitz, and Iconiq, ElevenLabs is positioning itself as a rare example of a high-growth AI startup with a sustainable and transparent revenue model.

The company’s financial trajectory is particularly noteworthy in an industry often criticized for high burn rates and speculative valuations. In January 2026, ElevenLabs reported crossing the $330 million milestone in annual recurring revenue (ARR). This level of scale, achieved just four years after its 2022 founding, places the company in an elite tier of software-as-a-service (SaaS) businesses. By setting a 24-to-36-month window for an IPO, ElevenLabs is allowing the broader AI market to mature while simultaneously building the internal governance and financial reporting structures required for public scrutiny.

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In January 2026, ElevenLabs reported crossing the $330 million milestone in annual recurring revenue (ARR).

One of the most striking elements of Staniszewski’s announcement is the potential for a dual listing that includes the Warsaw Stock Exchange. While the company is now based in New York to be closer to the global financial hub and its primary customer base, its roots remain deeply Polish. Both Staniszewski and co-founder Piotr Dabkowski are Polish nationals, and the company maintains a significant engineering presence in Warsaw. A listing on the Warsaw Stock Exchange would not only be a symbolic "giving back" to the founders' home country but also a strategic move to tap into European capital markets and bolster the region's burgeoning tech ecosystem. This dual-listing strategy could serve as a blueprint for other European-founded unicorns that have migrated to the U.S. but wish to maintain strong ties to their origins.

The company’s growth is increasingly driven by deep enterprise integrations rather than just consumer-facing tools. Recent partnerships with global giants such as Deutsche Telekom AG, Boston Consulting Group, and Revolut demonstrate that ElevenLabs' technology is being embedded into critical business workflows, from customer service automation to localized content creation. Furthermore, the company’s collaboration with the Ukrainian government highlights the geopolitical and humanitarian applications of its AI voice technology, providing a layer of social utility that distinguishes it from more purely recreational AI tools.