The Future of Voice AI, Early-Stage Startups to Watch, and the ElevenLabs Pre-Seed Pitch Deck
How voice models are commoditizing, where value is moving next, and what the next generation of Voice AI companies is building
Yesterday ElevenLabs announced a $500M Series D at an $11B valuation.
That’s more than 3× its $3.3B valuation (Jan 2025).
The bigger signal: they reportedly did $330M+ ARR in 2025 and want to double in 2026.
So I thought it was about time I started researching and studying what is the future of Voice AI and which other companies are building there.
This newsletter includes
The future of Voice AI (what actually changes next, and where value concentrates)
Voice AI startups founded in 2025 that got funded (the new cohort and what they’re betting on)
ElevenLabs preseed pitch deck: The 15-slide doc that unlocked their first $2M, set the narrative, and lined up the right investors fast.
