ElevenLabs hires a chief financial officer to prepare for an initial public offering

ElevenLabs, a startup specializing in artificial intelligence voice synthesis, has recruited Ethan Tandowsky to serve as its chief financial officer. Tandowsky previously held the same financial leadership role at the payment processing firm Adyen, where he helped oversee its transition into a public company. According to an announcement from ElevenLabs, the organization now employs roughly 800 people and derives over half of its corporate revenue from major enterprise clients.

This executive shift indicates that synthetic voice tools are moving rapidly from creative novelties into standard corporate infrastructure. Automated voice systems powered by ElevenLabs are increasingly handling routine customer service, corporate training, and phone support for global brands and governments. As these voice models become more natural, everyday phone calls and online interactions with businesses will increasingly involve synthetic software rather than human staff.

While the company is clearly laying the groundwork for a future initial public offering, key financial details remain undisclosed. ElevenLabs has not published granular metrics regarding its underlying server and computing costs, making it hard to evaluate the true profit margins of serving high volume clients. It also remains to be seen how the enterprise will handle ongoing legal and regulatory debate around voice rights, copyright, and deepfake prevention as its public visibility grows.