ElevenLabs vs Figma

ElevenLabs — Application · Private · $11B valuation · 4 of 4 figures sourced  |  Figma — Application · Public · $14.4B mkt cap · 4 of 4 figures sourced

Relationship

Image to Video AI Conversion and Figma Weave do comparable work on image generation and video generation; both also serve buyers who need to create images and video; similar scale (public).

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

3 of 12 capabilitiesShared product type

3 of 12 capabilities — Shares image editing, image generation and video generation.

Ludbee capability tags · from the product records

Shared product type — Both ship application.

Ludbee product records

Aligned comparison

FieldElevenLabsFigma
Size$11B valuation$14.4B mkt cap different basis
Employees4501,886 Figma has 4.2× more
Founded20222012 10 yrs earlier
StatusPrivatePublic
CategoryApplicationApplication match
Stack layerAPI service, Agent platform, ApplicationApplication
HeadquartersNew York, USASan Francisco, USA

Capability overlap

Shared · 3

Image editingImage generationVideo generation

Not verified for Figma · 9

Audio editingCustomer supportMusic generationSpeech to textText to speechTranslationVoice agentVoice conversionWorkflow automation

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

Not verified for ElevenLabs · 3

Code generationPresentation generationText generation

Recorded for Figma. ElevenLabs’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

ElevenLabs

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.

Figma

Application

FigmaApplication

Collaborative interface-design tool where teams draw, prototype and hand off in the browser.

Figma BuzzApplication

On-brand marketing-asset production tool where AI generation (OpenAI gpt-image-1, Gemini) and AI editing (background removal, upscaling, text rewrite/translate) are core mechanisms for producing social assets, ads and one-pagers from brand templates.

Figma MakeApplication

Turns a written prompt or an existing frame into a working prototype with its code.

Figma WeaveApplication

Node-based AI creative platform (formerly Weavy) integrating multiple image/video models (Google, OpenAI, Runway, Stable Diffusion, Recraft and others) for scalable creative workflows.

No counterpart

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

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.

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.