Coda vs ElevenLabs
Side-by-side comparison of AI visibility scores, market position, and capabilities
Coda acquired by Grammarly (Dec 2024) at $1.4B valuation; 2024 revenue $41.1M (+54% YoY); combines docs, spreadsheets, and apps in one programmable workspace for product and ops teams.
About
Coda is a connected workspace platform founded in 2017 by Shishir Mehrotra and Alex DeNeui, built on the belief that documents, spreadsheets, and apps should live in one flexible, programmable surface rather than siloed tools. The platform's core technology combines a rich document editor with database-like tables, formulas, and automation building blocks that allow teams to build workflows, OKR trackers, project managers, and CRM systems inside a single doc — without writing code.\n\nCoda serves product, operations, and leadership teams across companies of all sizes, enabling them to replace fragmented stacks of Notion, Google Docs, Airtable, and Asana with a single connected workspace. Key differentiators include deep cross-doc linking, Coda AI for writing and automation, and a marketplace of prebuilt templates. The platform's flexibility makes it especially popular with product managers and operations teams who need custom workflows without engineering resources.\n\nCoda reached $41.1M in 2024 revenue, a 54% year-over-year increase, validating its product-led growth model. In December 2024 Coda was acquired by Grammarly, which valued the business at $1.4B and positioned the combined entity as a comprehensive AI writing and productivity platform. The acquisition brings together Coda's structured workflow capabilities with Grammarly's AI writing layer, creating a broader connected productivity suite for enterprise teams.
$500M Series D at $11B valuation (Feb 2026) — largest voice AI funding round ever. $330M ARR; 1M+ developers using the API. Enterprise customers: Deutsche Telekom, Revolut, Meta, Salesforce. Voices in 32 languages; real-time cloning from 1 second of audio.
About
ElevenLabs was founded in 2022 by Piotr Dabkowski and Mati Staniszewski, two former Google and Palantir engineers who set out to break the language barrier using AI voice technology. The company specializes in AI-powered voice synthesis, cloning, and dubbing, enabling developers and enterprises to generate human-quality speech in over 30 languages. Its core technology combines deep learning models trained on massive speech datasets to produce natural-sounding voices indistinguishable from real humans.\n\nElevenLabs offers a suite of products including its flagship text-to-speech API, voice cloning tools, and an AI dubbing platform that localizes video content while preserving the speaker's original voice. Its products target a broad audience—from indie developers building audio apps to large enterprises deploying voice interfaces at scale. Key differentiators include ultra-low latency streaming synthesis, fine-grained voice customization, and a growing library of pre-built AI voices across accents and styles.\n\nElevenLabs has grown rapidly, surpassing $330M in annualized revenue and serving over 1 million developers. Enterprise clients include Deutsche Telekom, Spotify, and leading media companies. In February 2026, the company closed a $500M Series D at an $11B valuation, cementing its position as the market leader in AI voice. Its APIs power podcasts, audiobooks, video games, and customer service bots worldwide, making ElevenLabs the default infrastructure layer for AI-generated audio.
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