11Labs CEO reveals company hit 600 million ARR in under three years

What was said

"We started company 2022. First year was all about building the research and the product. We built the first text-to-speech model that finally could sound human. Released it in 2023, beginning of 2023. Then it took us roughly 20 months to get to the first 100 million in ARR. Roughly 10 months to get to 200, 5 months to get to 300. And that's how we closed end of the last year and now we are at 600."

11Labs has achieved $600 million in annual recurring revenue within approximately three years of launching its text-to-speech product in early 2023. The company's growth has dramatically accelerated, taking 20 months to reach $100M ARR, then 10 months to $200M, 5 months to $300M, and has now doubled to $600M. The company currently employs 600 people and maintains zero attrition among its original 10-person founding team.