ElevenLabs vs MiniMax

ElevenLabs — Application · Private · $11B valuation · 4 of 4 figures sourced  |  MiniMax — Foundation Models · Public · $12.6B mkt cap · 4 of 5 figures sourced

Relationship

ElevenMusic and MiniMax Audio do comparable work on music generation; both also serve buyers who need to create synthetic voice and audio; 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.

5 of 12 capabilitiesShared product type

5 of 12 capabilities — Shares image editing, image generation, music generation and 2 more.

Ludbee capability tags · from the product records

Shared product type — Both ship application.

Ludbee product records

Aligned comparison

FieldElevenLabsMiniMax
Size$11B valuation$12.6B mkt cap different basis
Employees450385 MiniMax has 14% fewer
Founded20222021 1 yrs earlier
StatusPrivatePublic
CategoryApplicationFoundation Models
Stack layerAPI service, Agent platform, ApplicationAI agent, Application, Model API
HeadquartersNew York, USAShanghai, China

Capability overlap

Shared · 5

Image editingImage generationMusic generationText to speechVideo generation

Not verified for MiniMax · 7

Audio editingCustomer supportSpeech to textTranslationVoice agentVoice conversionWorkflow automation

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

Not verified for ElevenLabs · 3

Agent orchestrationAgentic codingText generation

Recorded for MiniMax. 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.

MiniMax

Application

Hailuo AIApplication

Generates video clips from text prompts and still images.

MiniMax AudioApplication

Text-to-speech and AI music generation platform (voice generator, AI music generator, voice isolator) from MiniMax.

星野 (Xingye)Application

Immersive AI-companion / virtual-character community platform where users create, customize and chat with AI agents; MiniMax's China-market app, released internationally as Talkie.

No counterpart

ElevenLabs sells these in a stack layer with no product recorded for MiniMax 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.

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

AI agent

MiniMax AgentAI agent

Runs multi-step agents that build software and documents from a written brief.

MiniMax DesignAI agent

Multimedia creation platform coordinating multiple AI agents around a visual canvas for design work.

Model API

MiniMax Open PlatformModel API

Hosted API for MiniMax's text, video, speech and music models, billed per token.