ElevenLabs vs IBM

ElevenLabs — Application · Private · $11B valuation · 4 of 4 figures sourced  |  IBM — Application · Public · $216.6B mkt cap · 4 of 4 figures sourced

Relationship

Scribe and IBM Watson Speech to Text do comparable work on speech to text; both also serve buyers who need to turn speech into text; larger scale (public).

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

5 of 12 capabilitiesShared product typeLarger scale

5 of 12 capabilities — Shares customer support, speech to text, text to speech and 2 more.

Ludbee capability tags · from the product records

Shared product type — Both ship API service, agent platform and application.

Ludbee product records

Larger scale — IBM: $216.6B market cap, against ElevenLabs's $11B valuation.

Ludbee scale figures · valuation, market cap or revenue estimate

Aligned comparison

FieldElevenLabsIBM
Size$11B valuation$216.6B mkt cap different basis
Employees450264,300 IBM has 587× more
Founded20221911 111 yrs earlier
StatusPrivatePublic
CategoryApplicationApplication match
Stack layerAPI service, Agent platform, ApplicationAPI service, Agent platform, Application, Data service, Developer tool, Platform
HeadquartersNew York, USAArmonk, USA

Capability overlap

Shared · 5

Customer supportSpeech to textText to speechVoice agentWorkflow automation

Not verified for IBM · 7

Audio editingImage editingImage generationMusic generationTranslationVideo generationVoice conversion

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

Not verified for ElevenLabs · 16

Agent orchestrationAgentic codingCode generationCode reviewCode searchData analysisData securityDocument extractionEvaluation and observabilityGuardrails and safetyModel inferenceModel trainingKnowledge retrievalText generationThreat detection and responseVector search

Recorded for IBM. 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.

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.

IBM

Application

IBM Guardium AI SecurityApplication

Protects enterprise data across AI agents, applications and endpoints against agentic-AI, regulatory and post-quantum risks.

IBM InstanaApplication

Full-stack application and infrastructure observability powered by agentic AI, including automatic discovery/mapping of GenAI workflows and AI-driven Smart Alerts to reduce alert fatigue.

IBM Robotic Process AutomationApplication

AI-driven robotic process automation for building intelligent bots that automate business processes, with AI-embedded resilience built into the RPA runtime.

IBM SPSS ModelerApplication

Visual data-science and machine-learning platform for building predictive models, with advanced algorithms, model deployment and open-source framework integration.

IBM Watson DiscoveryApplication

Document intelligence platform using OCR, NLP enrichments (entity/sentiment/emotion/category extraction) and LLM integration to automate information discovery from enterprise documents.

API service

IBM Watson Natural Language UnderstandingAPI service

Deep-learning text analytics service extracting entities, sentiment, emotion, concepts, semantic roles and custom classifications from unstructured text.

IBM Watson Speech to TextAPI service

A speech recognition API that converts audio into real-time or batch text for transcription, captioning and voice-analytics use cases.

IBM Watson Text to SpeechAPI service

A text-to-speech API that converts text into multilingual synthesized speech using neural voices.

Agent platform

IBM Watson AssistantAgent platform

A conversational AI platform for building customer-support chatbots and virtual assistants deployed across voice and digital channels.

IBM watsonx OrchestrateAgent platform

Platform for building and running AI agents that call enterprise applications on a user's behalf.

No counterpart

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

Developer tool

IBM BobDeveloper tool

An AI coding agent that automates planning, code generation, review and verification across the software development lifecycle, including IBM Z mainframe modernization workflows.

IBM watsonx Code Assistant for ZDeveloper tool

A generative AI assistant for IBM Z mainframe application discovery, code generation, refactoring and modernization.

Platform

IBM ConcertPlatform

An agentic AI IT-operations platform that unifies observability, optimization and automated remediation across applications, infrastructure and networks.

IBM watsonx.aiPlatform

Studio for building, tuning and deploying model-based applications on IBM and third-party foundation models.

IBM watsonx.governancePlatform

A governance platform providing real-time visibility, policy enforcement and accountability tracking for AI models and agents across the AI lifecycle.

Data service

IBM watsonx.dataData service

An open hybrid data lakehouse including a built-in Milvus vector database that unifies data access and automates governance for AI and analytics workloads.