Thinking Machines Lab vs ElevenLabs
Side-by-side comparison of AI visibility scores, market position, and capabilities
AI research lab founded by ex-OpenAI CTO Mira Murati. Raised $2B at $12B valuation from a16z, Nvidia, AMD; signed multi-year Nvidia compute deal in 2026.
About
Thinking Machines Lab was founded by Mira Murati, who served as Chief Technology Officer of OpenAI before departing in 2024. Murati's tenure at OpenAI oversaw the development and launch of GPT-4, DALL-E, and ChatGPT, giving her unmatched firsthand experience with the technical and organizational challenges of frontier AI development. She founded Thinking Machines Lab with the mission of building AI systems that are both highly capable and deeply aligned with human values and intent.\n\nThinking Machines Lab operates as an AI research organization focused on developing next-generation foundation models and the scientific frameworks needed to make powerful AI systems more reliable, interpretable, and beneficial. The company has assembled a team of researchers from leading AI institutions and is building the compute infrastructure necessary for frontier model training. It secured a multi-year compute agreement with NVIDIA, ensuring access to the GPU capacity required to compete at the frontier of AI research.\n\nThe company raised $2 billion at a $12 billion valuation, with participation from Andreessen Horowitz, NVIDIA, and AMD — a capital raise that ranks among the largest first rounds in technology history. The involvement of both major AI chip vendors as strategic investors signals deep alignment between Thinking Machines Lab's compute roadmap and the hardware ecosystem. With Murati's profile, the caliber of its investor base, and its frontier research mandate, Thinking Machines Lab is positioned as one of the most closely watched AI labs in the post-ChatGPT era.
$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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