ElevenLabs vs Runway

ElevenLabs — Application · Private · $11B valuation · 4 of 4 figures sourced  |  Runway — Application · Private · $5.3B valuation · 4 of 4 figures sourced

Relationship

Image to Video AI Conversion and Runway do comparable work on image generation and video generation; both also serve buyers who need to create images and video; smaller scale (private).

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 typeSmaller scale

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

Ludbee capability tags · from the product records

Shared product type — Both ship application.

Ludbee product records

Smaller scale — Runway: $5.3B valuation, against ElevenLabs's $11B valuation.

Ludbee scale figures · valuation, market cap or revenue estimate

Aligned comparison

FieldElevenLabsRunway
Valuation$11B$5.3B Runway has 2.1× smaller
Employees450140 Runway has 3.2× fewer
Founded20222018 4 yrs earlier
StatusPrivatePrivate match
CategoryApplicationApplication match
Stack layerAPI service, Agent platform, ApplicationAI agent, Application, Developer tool, Model API, Robot
HeadquartersNew York, USANew York, USA match

Capability overlap

Shared · 5

Image editingImage generationVideo generationVoice agentWorkflow automation

Not verified for Runway · 7

Audio editingCustomer supportMusic generationSpeech to textText to speechTranslationVoice conversion

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

Not verified for ElevenLabs · 4

Avatar videoMarketing contentModel trainingRobot control

Recorded for Runway. 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.

Runway

Application

RunwayApplication

Generates and edits video and images from text and image prompts in the browser.

Runway CharactersApplication

Real-time conversational video avatars made from a single image, for education, customer support, training simulation and gaming use cases; integrates via React SDK, LiveKit Agents or an embeddable widget.

Runway WorkflowsApplication

Node-based pipeline builder for chaining multiple Runway generative models and LLM steps into reusable, no-code creative workflows.

No counterpart

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

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

AI agent

Runway AgentAI agent

AI marketing agent that generates complete ad campaigns (TikTok, Instagram, etc.), analyzes performance, runs A/B tests and auto-formats creative for different platforms and markets.

Developer tool

Runway Model RouterDeveloper tool

Reusable Dev API configuration that automatically selects the best generative model for a request based on configured cost/latency/quality preferences; not separately billed beyond underlying model usage.

Runway Video Model LicensingDeveloper tool

Commercial licensing of Runway's video model weights, checkpoints and training scripts for self-hosted, on-premises or air-gapped fine-tuning and deployment, with forward-deployed researcher support.

Model API

Runway APIModel API

Hosted API for video, image and audio generation models from Runway and partner labs, billed per generation.

Robot

Runway RoboticsRobot

Robot-policy platform built on GWM-1 (General World Model): policy inference from camera observations, offline policy evaluation via simulation, synthetic data generation, and video-model licensing for custom policy training.