ElevenLabs Appoints Former OpenAI Executive as Chief Revenue Officer

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ElevenLabs, a leading player in the crypto news space, has appointed Ashley Kramer as its first Chief Revenue Officer. Kramer previously headed enterprise sales at OpenAI. The company anticipates enterprise revenue to increase from 40% in 2025 to over 50% by 2026. ElevenLabs reported over $600 million in annual recurring revenue in July, with major clients including Meta and Stripe. The firm is also in discussions for a $22 billion valuation in an employee stock transfer deal, according to recent cryptocurrency news updates.
ME AI Message: Voice AI startup ElevenLabs has appointed Ashley Kramer, former Vice President of Enterprise Sales at OpenAI, as its first Chief Revenue Officer to drive enterprise commercialization. The company reports that over half of its revenue this year comes from enterprise customers, up from 40% last year, marking a turning point in its business structure. In July, ElevenLabs announced its annual recurring revenue had surpassed $600 million, with clients including Meta, Stripe, Deutsche Telekom, and Revolut. The company is also in discussions with investors regarding an employee share transfer transaction, aiming for a company valuation of approximately $22 billion. Amid rising compute costs and competition from Chinese firms like Alibaba’s Tongyi, which have open-sourced low-cost voice models, ElevenLabs aims to solidify enterprise paid demand through end-to-end solutions for marketing, sales, and customer service. (Source: PANews)
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