- The Polish government-backed Vinci Fund invested $11 million in Eleven Labs, making the government a direct shareholder in the $11 billion AI voice company.
- The agreement also launches AI Lab Poland, a national program that provides early-stage AI startups with funding, mentorship, and access to Eleven Lab’s global network of investors and corporate customers.
- ElevenLab reached $500 million in annual recurring revenue in the first four months of 2026, adding $150 million in new recurring revenue in just 120 days.
Poland is home to one of the most valuable AI companies in the world. Currently, we want to build an ecosystem that will spawn the next ecosystem.
Vinci, the venture arm of Poland’s state-run development bank BGK Group, has invested $11 million in ElevenLab, taking a minority stake in the AI voice giant and simultaneously launching AI Lab Poland.
This national initiative aims to provide the nation’s early-stage AI startups with access to capital, expert networks, and the global connections that helped ElevenLabs grow from an idea in Warsaw to an $11 billion company.
From Warsaw discontent to 100 million users
London-based ElevenLab was founded in 2022 by childhood friends Mati Staniszewski and Piotr Dombkowski from Warsaw. They were dissatisfied with the tradition of Polish film dubbing, in which a single monotone narrator voices all characters, regardless of emotion or context.
That frustration led to the company now serving nearly 100 million users in 46 countries. ElevenLab has approximately 530 employees in more than 50 countries and offices in London, New York, San Francisco, Warsaw, Tokyo and Sydney.
The company creates AI voice and audio tools such as text-to-speech, voice cloning, music generation, dubbing, and conversational agents. They are used by businesses, developers, and creators around the world. Its platform supports over 70 languages.
Companies such as Salesforce, Cisco, Adobe, and Deutsche Telekom are already using the company’s technology at scale. For example, a global broadcaster can use ElevenLab to dub live news segments into 30 languages while preserving the tone and emotion of the anchor’s voice.
In the AI voice market, ElevenLabs competes with OpenAI’s voice capabilities, Google’s audio tools, and Microsoft’s Azure Cognitive Services. While these companies are incorporating voice as part of their larger AI platforms, Eleven Labs focuses solely on voice. This allows us to improve our models faster and deliver better quality in areas where natural sounds and emotions are important.
$500 million ARR, $800 million raised, currently supported by government
The investment in Vinci brings ElevenLab’s total funding to more than $800 million. The company’s last round, a $500 million Series D, closed in February 2026 and was led by Sequoia Capital, valuing Eleven Labs at $11 billion. Andreessen Horowitz quadrupled its investment, and ICONIQ Capital tripled its investment. A third close of the same round in May 2026 included participation from BlackRock, Wellington Management, NVIDIA, Salesforce, and Santander.
ElevenLab’s annual recurring revenue reached $500 million in the first four months of 2026, up from $350 million at the end of 2025. This means the company added $150 million in new recurring revenue in just 120 days.
Can AI Lab Poland make it happen?
AI Lab Poland connects early-stage startups with funding, expert networks, and direct access to Eleven Labs, giving founders a clear path from Warsaw to global scale.
Poland already has the infrastructure to support this goal. Poland is home to two of Europe’s 19 sovereign AI computing hubs, including the Gaia AI factory in Krakow and the PIAST AI factory in Poznań, and produces more than 45,000 IT graduates each year.
The AI voice and audio market is expected to reach $47.5 billion by 2030, up from approximately $5 billion today, with a compound annual growth rate of over 14%. Poland has both ambition and infrastructure. AI Lab Poland must now show that it can turn these strengths into corporate success.
