Figure AI was founded in 2022 by Brett Adcock, who previously founded Archer Aviation and Vettery. The company spent its first several months in "stealth mode" before officially exiting stealth in January 2023. Since then, it has rapidly scaled, reaching a valuation of $39 billion by September 2025 following its Series C funding round.

ElevenLabs was officially founded in 2022. The company's legal incorporation dates back to January 3, 2022 (for its UK-based entity, Eleven Labs Ltd.) and April 18, 2022 (for its US-based entity, Eleven Labs Inc.).The startup was co-founded by Piotr Dąbkowski, a former Google machine learning engineer, and Mati Staniszewski, a former Palantir strategist. Long-time friends from high school in Poland, the duo was inspired to start the company by the poor quality of voice dubbing they experienced while watching American films as children.

OpenAI has transformed from a research-focused nonprofit into one of the most valuable technology companies in the world. Following a massive funding round in March 2026, the company is now valued at $852 billion, with annual revenue hitting the $25 billion milestone.