20VC: ElevenLabs Hits $200M ARR: The Untold Story of Europe's Fastest Growing AI Startup | The Real Cost of AI from Talent to Data Centres | How US VCs are in a Different League to Europeans | The Future of Foundation Models with Mati Staniszewski

In this episode of 20VC, Harry Stebbings interviews Mati Staniszewski, the co-founder of ElevenLabs, a fast-growing AI company. Mati discusses ElevenLabs' rapid growth, achieving $100M ARR in 20 months and $200M ARR in the following 10 months, and reveals their largest contract is around $2M. He shares insights into the company's origins, inspired by poor movie dubbing in Poland, and their focus on voice AI research and product development. Mati also touches on fundraising challenges, the importance of a strong research team, talent retention, and strategic decisions around building their own data centers. The conversation explores the balance between focus and expansion, the future of voice agents, and the impact of investors like Andreessen Horowitz and Sequoia Capital.