ElevenLabs vs Murf AI

ElevenLabs has a disclosed valuation of $11B, while Murf AI's valuation is not publicly available, making a direct size comparison difficult. ElevenLabs employs 200 people.

ElevenLabs has raised more in total funding at $791M, compared to Murf AI's $11.5M — a gap of $779.5M. Combined, the two companies have completed 7 known funding rounds.

ElevenLabs leads with an Awaira Score of 81/100, while Murf AI sits at 58/100. That 23-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.

ElevenLabs was founded by Mati Staniszewski in 2022. Murf AI was founded by Sneha Roy in 2020. Visit each company's profile on Awaira for a full founder biography.

ElevenLabs: ElevenLabs is an AI audio company founded in 2022 that specializes in text-to-speech (TTS) and voice synthesis technology. The company develops artificial intelligence models that convert written text into natural-sounding spoken audio across multiple languages and voices. Its core platform enables developers and enterprises to integrate advanced voice generation into applications, products, and services. The company's technology focuses on neural voice synthesis, producing audio that closely mimics human speech patterns, intonation, and emotional nuance. ElevenLabs offers both API access for developers and a web-based platform for content creators, allowing users to generate voiceovers, audiobooks, podcasts, and multilingual content at scale. With a Series D valuation of $11.0 billion and total funding of $791 million, ElevenLabs ranks among the most well-capitalized AI audio startups. The company competes in the growing text-to-speech market alongside established players and emerging competitors focused on voice AI. ElevenLabs serves use cases spanning education, entertainment, accessibility, and business applications. The platform supports numerous languages and offers customizable voice parameters. The company has demonstrated significant adoption and growth since its 2022 founding, establishing itself as a notable player in the AI audio landscape through rapid scaling and substantial investor backing. ElevenLabs has achieved unicorn status within two years of founding, reflecting exceptional market demand for accessible, high-quality AI voice synthesis technology. Murf AI: Murf AI is an Indian artificial intelligence company specializing in text-to-speech and voice synthesis technology. Founded in 2020, the company develops AI-powered tools that convert written text into natural-sounding audio across multiple languages and voices. The platform enables content creators, marketers, educators, and enterprises to generate voiceovers without requiring professional voice actors or recording studios. The company's core product is a cloud-based text-to-speech platform featuring customizable AI voices with adjustable parameters such as tone, speed, and emphasis. Murf AI's technology supports various use cases including video creation, podcast production, e-learning content, audiobook narration, and advertising. The platform integrates with popular content creation tools and supports multiple languages, expanding accessibility across global markets. As of the latest available information, Murf AI has raised $12 million in total funding and is operating at the Series A stage. The company's valuation remains undisclosed. The text-to-speech market is increasingly competitive, with players including Google Cloud Text-to-Speech, Amazon Polly, and other emerging startups competing on quality, pricing, and feature sets. Murf AI targets the growing demand for scalable audio content production, positioning itself within the broader AI audio generation landscape. The company's growth trajectory reflects increased adoption of AI voice solutions across content creation and enterprise applications. Murf AI addresses the text-to-speech market with a focus on natural voice quality and ease of integration for content creators.

Murf AI got there first, launching in 2020 — that's 2 years of extra runway. ElevenLabs didn't arrive until 2022. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.

ElevenLabs has about 200 employees; Murf AI has about 125. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.

Yes — they're direct rivals. Both ElevenLabs and Murf AI compete in AI Audio, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.