ElevenLabs vs Scale AI: Revenue, Profit and Business Model
A full-year revenue figure is unavailable here for ElevenLabs. Scale AI had $870M (unaudited) of annual revenue in FY2024.
Latest financial snapshot
ElevenLabs
- Latest annual revenue
- Unavailable here
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- —
Scale AI
- Latest annual revenue
- $870M (unaudited) (FY2024)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- —
Financial summary
ElevenLabs
ElevenLabs is private and does not publish audited accounts; its figures come from company announcements and press reports. ARR was above $330 million at the end of 2025 and above $500 million by April 2026, and reports around the September 2026 tender put it near $600 million. Funding milestones: $80 million Series B at $1.1 billion (January 2024), $180 million Series C at $3.3 billion (January 2025), a $6.6 billion secondary sale in 2025, a $500 million Series D at $11 billion led by Sequoia (February 2026), and a $300 million employee tender at $22 billion (September 2026). ElevenLabs is one of the fastest-growing AI voice technology startups, achieving unicorn status with a private valuation of approximately $1.1 billion.
Scale AI
Scale is private and does not publish audited results. Bloomberg reported about $870 million of revenue in 2024 and a target near $2 billion for 2025 before the Meta deal. After OpenAI and Google pulled back, that target looked out of reach, but CEO Jason Droege wrote in early 2026 that 2025 was Scale's biggest revenue year, with more than $1 billion in new business and nearly half of bookings in Q4. The company valued itself at more than $29 billion in the June 2025 Meta transaction, up from $13.8 billion in its May 2024 Series F. Net income has not been disclosed, though Scale says the data business is now profitable. Scale AI is an absolute powerhouse in the artificial intelligence infrastructure sector, providing massive data labeling and RLHF services with a private market valuation of approximately $13.8 billion.
Revenue and profit by year
ElevenLabs
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 run-rate | $500M | — | — | — | Source |
| FY2025 run-rate | $330M | — | — | — | Source |
| FY2024 run-rate | $90M | — | — | — | Source |
Scale AI
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2024 (unaudited) | $870M | — | — | — | Source |
| FY2023 | $335M | — | — | — | Source |
| FY2022 (unaudited) | $290M | — | — | — | Source |
Where the revenue comes from
ElevenLabs
No segment breakdown is published.
Scale AI
- Data business
Not disclosed
Training data, RL environments, robotics data and evaluations for AI labs and large technology companies; profitable since the second half of 2025, per the company.
- Applications: enterprise
Not disclosed
Generative AI applications for companies such as Mayo Clinic, BP and Allianz.
- Applications: public sector
Not disclosed
AI programs for the U.S. Department of War and international governments including Qatar, the UK, Saudi Arabia and the UAE.
Business model and strategy
ElevenLabs
How it makes money
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.
Growth strategy
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.
Competitive advantage
ElevenLabs' edge is audio quality and breadth. Its models (including Eleven v3, released in 2025) are widely regarded as among the most expressive speech generators, and it offers one platform covering text-to-speech, cloning, dubbing, transcription, sound effects, music and agents.
Scale AI
How it makes money
Scale AI earns money in two ways. Its data business charges AI labs and large technology companies for training data, reinforcement learning environments and model evaluations, produced by software pipelines plus a paid contributor network run through Outlier and Remotasks; the company says it has paid contributors more than $1 billion over ten years.
Growth strategy
Scale's 2026 plan, as described by its leadership, is to move technical capabilities from the data business into applications faster, invest in a unified AI-native platform for enterprise and government customers, and expand abroad. It opened or grew offices in New York, London, Washington, D.C., Doha, St.
Competitive advantage
Scale's advantages are scale, track record and government access. It has applied what it calls 15 billion human decisions to train leading models across 150 languages and locales, it runs SEAL benchmarks such as Humanity's Last Exam and SWE-Bench Pro that labs cite at launch, and it holds U.S.
Questions about ElevenLabs vs Scale AI
Which company has higher revenue — ElevenLabs or Scale AI, Inc.?
Scale AI, Inc. had $870.0M (unaudited) (FY2024). A comparable annual revenue figure for ElevenLabs was unavailable here.
How does revenue per employee compare for ElevenLabs and Scale AI, Inc.?
Scale AI, Inc. generates $725k / employee in revenue per employee. A comparable figure for ElevenLabs requires matching employee and revenue data from the same reporting period.
How do ElevenLabs and Scale AI, Inc. make money?
ElevenLabs and Scale AI, Inc. generate revenue in fundamentally different ways. ElevenLabs: ElevenLabs makes money in two ways. Scale AI, Inc.: Scale AI earns money in two ways.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the ElevenLabs vs Scale AI overview