Omnivore
2024
Why
iOS reader application team and technology.
ElevenLabs
Acquisitions
1
Major Deals Covered
This page covers 1 major deal, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Omnivore | 2024 | Undisclosed | iOS reader application team and technology. |
2024
iOS reader application team and technology.
Growth comes from three directions: moving from creator subscriptions to large enterprise voice-agent deployments in customer support and telephony; adding adjacent audio products (Scribe speech-to-text, Eleven Music, sound effects, dubbing); and expanding internationally, including new hubs announced with the Series D such as Bengaluru.
ElevenLabs makes money in two ways. First, self-serve subscriptions: creators, podcasters, authors and small businesses pay monthly plans (from a free tier up to Business plans) that include a quota of generated characters or minutes. Second, usage-based API and enterprise contracts: developers and large companies pay for text-to-speech, speech-to-text, dubbing and voice agent minutes, often under multi-year enterprise agreements. Enterprise voice agents for customer support, sales and telephony became the fastest-growing part of the business in 2025-2026. The Voice Library adds a marketplace layer in which voice actors license their cloned voices and receive payouts when others use them.
As an agile frontier AI research company, ElevenLabs prioritizes internal foundation model development while executing strategic talent 'acqui-hires' of top deep learning researchers, speech synthesis experts, and audio DSP engineers.
ElevenLabs established landmark digital publishing partnerships with HarperCollins, Storytel, and independent publishing platforms to automate audiobook narration and localization into dozens of international languages.
ElevenLabs integrates natively with leading conversational AI and developer frameworks, including LangChain, LlamaIndex, Twilio, Vapi, and Retell AI, becoming the default voice synthesis layer for real-time voice bots.
In 2024, ElevenLabs signed exclusive agreements with the estates of well-known cultural figures (Judy Garland, James Dean, Burt Reynolds, Sir Laurence Olivier) to legally recreate their voices for educational and literary narration in the Reader app.
ElevenLabs evaluates strategic acquisitions in audio restoration, speech-to-text transcription, video editing tools, and real-time telecommunications software that complement its core voice synthesis stack.
ElevenLabs partners with ALS and motor neuron disease non-profits (such as Bridging Voice) to allow individuals losing their vocal cords to clone their voice for free and communicate with their loved ones using their authentic voice.
As a hyper-growth startup, they haven't executed massive corporate acquisitions yet. Instead, their massive capital is spent acquiring data: legally licensing thousands of professional voice actors and paying out massive royalties to creators who upload their voices to the ElevenLabs "Voice Library."
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