ElevenLabs has hit a major milestone with enterprise clients now accounting for 55% of total revenue, up from an even split at the end of 2025. Annual recurring revenue climbed from approximately $330 million at the end of 2025 to over $500 million by May 2026, approaching a $600 million run rate by July. Notable clients include Meta, Stripe, and Deutsche Telekom, with 41% of Fortune 500 companies now using the platform. The company targets 60% enterprise revenue by the end of 2026 and recently hired Ashley Kramer, formerly of OpenAI, as Chief Revenue Officer.
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