Deepgram vs ElevenLabs

Deepgram — Infrastructure · Private · $1.3B valuation · 3 of 3 figures sourced  |  ElevenLabs — Application · Private · $11B valuation · 4 of 4 figures sourced

Relationship

Deepgram Flux TTS and ElevenLabs Text to Speech do comparable work on text to speech; both also serve buyers who need to create synthetic voice and audio; larger scale (private).

Assembled from the recorded fields for this pair, not hand-checked. The comparison below is read from each company’s own profile.

3 of 5 capabilitiesShared product typeLarger scale

3 of 5 capabilities — Shares speech to text, text to speech and voice agent.

Ludbee capability tags · from the product records

Shared product type — Both ship API service.

Ludbee product records

Larger scale — ElevenLabs: $11B valuation, against Deepgram's $1.3B valuation.

Ludbee scale figures · valuation, market cap or revenue estimate

Aligned comparison

FieldDeepgramElevenLabs
Valuation$1.3B$11B ElevenLabs has 8.5× more
Employees—450
Founded20152022 7 yrs later
StatusPrivatePrivate match
CategoryInfrastructureApplication
Stack layerAPI serviceAPI service, Agent platform, Application
HeadquartersSan Francisco, USANew York, USA

Capability overlap

Shared · 3

Speech to textText to speechVoice agent

Not verified for ElevenLabs · 2

Agent orchestrationSummarization

Recorded for Deepgram. ElevenLabs’s product records say nothing either way — a missing record is not a missing capability.

Not verified for Deepgram · 9

Audio editingCustomer supportImage editingImage generationMusic generationTranslationVideo generationVoice conversionWorkflow automation

Recorded for ElevenLabs. Deepgram’s product records say nothing either way — a missing record is not a missing capability.

Products, side by side

Algorithmic pairing — assembled from recorded fields, not hand-checked

Deepgram

API service

Deepgram Audio IntelligenceAPI service

Language-understanding features layered on Deepgram's speech recognition — summarisation, topic and intent detection over conversational audio.

Deepgram Flux TTSAPI service

Deepgram's text-to-speech API, marketed on low latency (responses from about 80ms) and on being deployable in the customer's own environment as well as on Deepgram's cloud.

Deepgram Speech-to-TextAPI service

Speech-to-text API supporting 45+ languages with streaming and batch transcription, speaker identification and smart formatting, alongside companion text-to-speech and voice-agent APIs.

Deepgram Voice Agent APIAPI service

A single API for building real-time voice agents, combining Deepgram's speech-to-text and text-to-speech with LLM orchestration.

ElevenLabs

API service

ElevenAPIAPI service

Unified programmatic API for ElevenLabs' audio AI models (speech, voice, music, sound effects, dubbing, transcription), billed per usage from the shared credit pool.

ElevenLabs Text to SpeechAPI service

Generates speech from text in a range of voices and languages, in the browser and through an API.

ScribeAPI service

Transcribes audio to text with speaker labels and word-level timings.

No counterpart

ElevenLabs sells these in a stack layer with no product recorded for Deepgram yet — nothing on the other side to compare them against.

Application

AI Voice ChangerApplication

Real-time and file-based voice conversion tool that changes a recorded voice while preserving its original performance.

Ads EngineApplication

Localizes and refreshes advertising creative across 50+ languages, with audio dubbing, image adaptation and text translation for Google Ads and Meta Ads.

DubbingApplication

Audio-to-audio dubbing across 90+ languages and accents that conditions on source performance (not a transcript) to preserve emotion and tone, with voice cloning.

ElevenCreativeApplication

AI-native creative workspace unifying voice, music, sound-effect, image and video generation with dubbing/localization, editable in a browser Studio.

ElevenCreative FlowsApplication

Chains image, video, voice and SFX generation into automated visual flows to create unlimited campaign variations from one template.

ElevenLabs Voice CloningApplication

Instant and Professional voice cloning (IVC/PVC) that creates a synthetic replica of a speaker's voice.

ElevenMusicApplication

Music generation, remixing and creation product ("Listen, remix, and create tracks"), built on the Music v2 engine, targeted at independent musicians.

Image to Video AI ConversionApplication

Creates videos from images and integrates AI voice, using a credit-based system.

StudioApplication

End-to-end workflow for producing audiobooks, podcasts and narrated videos, integrating Voice Library, Voice Design, Professional Voice Cloning and Eleven Music.

Text to Sound EffectsApplication

Generates sound effects from text prompts, with royalty-free commercial usage rights on paid plans.

Voice DesignApplication

Generates customized synthetic voices from text descriptions, powered by the Text to Speech v3 model.

Voice IsolatorApplication

Removes background noise, isolates vocals and removes music from audio or video recordings.

Agent platform

ElevenLabs AgentsAgent platform

Builds and runs voice AND chat agents that handle customer conversations over the phone, on the web and in chat, with enterprise integrations into CRM, payment and calendar systems.