ElevenLabs vs Tencent

ElevenLabs — Application · Private · $11B valuation · 4 of 4 figures sourced  |  Tencent — Foundation Models · Public · $510.1B mkt cap · 4 of 4 figures sourced

Relationship

Scribe and Tencent Cloud ASR 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.

4 of 12 capabilitiesShared product typeLarger scale

4 of 12 capabilities — Shares customer support, speech to text, text to speech and 1 more.

Ludbee capability tags · from the product records

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

Ludbee product records

Larger scale — Tencent: $510.1B market cap, against ElevenLabs's $11B valuation.

Ludbee scale figures · valuation, market cap or revenue estimate

Aligned comparison

FieldElevenLabsTencent
Size$11B valuation$510.1B mkt cap different basis
Employees450115,927 Tencent has 258× more
Founded20221998 24 yrs earlier
StatusPrivatePublic
CategoryApplicationFoundation Models
Stack layerAPI service, Agent platform, ApplicationAPI service, Agent platform, Application, Data service, Developer tool, Infrastructure service, Platform
HeadquartersNew York, USAShenzhen, China

Capability overlap

Shared · 4

Customer supportSpeech to textText to speechWorkflow automation

Not verified for Tencent · 8

Audio editingImage editingImage generationMusic generationTranslationVideo generationVoice agentVoice conversion

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

Not verified for ElevenLabs · 16

Agent orchestrationAgentic codingCode generationCode reviewDocument extractionGPU cloudModel hostingModel inferenceModel trainingKnowledge retrievalSummarizationText generationVector searchVideo analyticsVideo editingSearch answers

Recorded for Tencent. 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.

Tencent

Application

Tencent YuanbaoApplication

Tencent's consumer assistant app for chat, search and document questions, built on the Hunyuan models.

ima.copilotApplication

AI knowledge-management workbench combining search, reading and writing over user-built knowledge bases.

API service

Tencent Cloud ASRAPI service

Automatic speech recognition API transcribing Mandarin and English speech, billed pay-as-you-go by default.

Tencent Cloud Media Processing ServiceAPI service

Multimedia processing platform with a dedicated Media AI layer -- smart subtitling (ASR plus LLM-based translation), smart erasing, intelligent content tagging and face recognition, LLM-based video summarization, and AI-driven quality inspection for live and on-demand video.

Tencent Cloud OCRAPI service

Optical character recognition API that extracts text from documents and images, billed pay-as-you-go with volume tiers.

Tencent Cloud TTSAPI service

Text-to-speech API synthesising speech from text, part of the same standalone cloud-AI-API catalogue as Tencent Cloud OCR and ASR.

Agent platform

Tencent Cloud Agent Development PlatformAgent platform

Enterprise platform for building, orchestrating and deploying AI agents with retrieval, workflow and multi-agent frameworks and connectors to business systems.

No counterpart

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

Developer tool

CodeBuddyDeveloper tool

AI coding assistant delivered as an IDE, editor plugins and a CLI for code completion, generation, review and unit-test creation.

Platform

Tencent Cloud TI PlatformPlatform

Tencent Cloud's platform for training, fine-tuning and serving models.

Infrastructure service

Tencent Cloud HAIInfrastructure service

GPU application service offering one-click deployment of pre-configured environments for running LLMs and other GPU-accelerated AI workloads.

Data service

Tencent Cloud VectorDBData service

Managed distributed vector database for storing, indexing and searching high-dimensional vectors, marketed as an external knowledge base for LLM applications.