Voice AI & Conversational Interfaces
ElevenLabs hit $11B valuation and $330M revenue. Voice AI market projected at $61B by 2031.
Growth Overview
12-Month Trend
Growth Rate
Market Size Projection
Overview
Voice AI moved from robotic IVR menus to natural, real-time conversations. ElevenLabs tripled its valuation to $11B with $330M annualized revenue and 200% enterprise growth YoY. The AI voice generator market is projected to reach $20.7B by 2031 at 30.7% CAGR. Organizations report 20-30% operational cost reductions from voice AI deployments.
What's Driving This Growth?
- ▸Sub-300ms latency makes voice AI conversations feel natural for the first time
- ▸Enterprise voice AI revenue growing 200% YoY as businesses replace call centers
- ▸Call center costs averaging $6-12/call vs $0.10-0.50 for voice AI
- ▸Voice AI projected to save US healthcare economy $150B annually by 2026
Market Signals
- ✓ElevenLabs raised $500M Series D at $11B valuation, tripling from $3.3B in one year (Feb 2026)
- ✓ElevenLabs generating $330M annualized revenue with Meta, Nvidia as enterprise customers
- ✓AI voice generator market growing at 30.7% CAGR, from $4.2B (2025) to $20.7B (2031)
SaaS Opportunities
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Buildable Ideas in This Trend
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