ElevenLabs, valued at $22 billion, enters team notes market with ElevenAI

ElevenLabs, a voice AI company valued at $22 billion, has released an experimental app called ElevenAI that folds meeting note-taking, dictation, and agent integration into a single product. The company launched the app at its 11/11 Summit in New York this week. ElevenAI remains in preview: users must sign up for early access rather than download it from an app store.

The move lands in a crowded field. Fireflies, Wispr Flow, and Granola have all shipped competing dictation and meeting note-taking capabilities in the last few months, according to the source report. ElevenLabs is the largest company by valuation to enter the category so far.

Who is the app for?

ElevenLabs is positioning ElevenAI as a product that lives within a team, not as a personal productivity tool. That framing matters for the sales pitch. The company appears less interested in winning individual subscribers than in giving enterprise teams a reason to skip buying licenses to a dedicated notetaker and use its solution instead.

The feature set matches what rivals already offer, with two additions.

• Meeting notes taken across a user's meetings, with automatic notification to other participants that the conversation is being recorded.
• Queries across past meetings, so users can recall a key detail from older conversations.
• Live assistance during a chat.
• Integration with ElevenAgent, which can take follow-up actions such as writing a draft email from meeting notes.
• Dictation that converts speech into cleaned-up text in any app, with support for more than 90 languages.

The company said the app can understand industry-specific terms in both dictation and meeting transcription. That claim will face testing in specialized fields — jargon handling is where speech products most often stumble, and no benchmark data accompanied the announcement.

What does the agent angle change?

ElevenAI doubles as a showcase for ElevenLabs' own models and its agent platforms, which the company says improves context funneling. The agent integration is the part competitors cannot easily copy, because it ties transcription directly to action: a meeting ends, and a draft email follows from the notes.

This is the direction the entire category is heading. Meeting-related tools are all rushing to become central knowledge hubs for companies while automating knowledge extraction and follow-up actions, the source notes. ElevenLabs is betting that owning the voice layer gives it an edge in that race.

The preview status tempers the ambition. Early access means limited distribution, no public pricing, and no stated timeline for general release — gaps the company did not address.

What else shipped this week?

The app is not the only launch. In the last week, ElevenLabs also released the v3 series of its Scribe speech-to-text models. The release includes:

• Live transcription capabilities.
• Fine-tuning on companies' own data.
• A tool that picks the right language model based on use case.
• A routine creator that automates tasks based on the transcript.

Fine-tuning is the enterprise hook here: companies can adapt the models to their vocabulary and workflows rather than accept a generic baseline. Combined with ElevenAI, it suggests ElevenLabs wants to own the full pipeline from raw speech to structured, actionable output.

What is the so-what?

A $22 billion company entering a category dominated by startups resets the competitive math. If ElevenLabs bundles transcription, notes, and agents at enterprise scale, standalone notetakers may need to defend their licensing models. The open question is execution: ElevenAI is a preview product in a field where Fireflies, Wispr Flow, and Granola already ship to paying users. Whether ElevenLabs converts its valuation advantage into category leadership will depend on the general release it has not yet dated.