ElevenLabs' Valuation Doubles to $22 Billion on Surging AI Voice-Agent Demand
The tender gave employees and shareholders liquidity as agent usage topped 15 million conversations a week, the company said.
- On Wednesday, London-based ElevenLabs completed a $300 million employee tender offer, valuing the AI voice generation startup at $22 billion, doubling its February valuation.
- Wellington Management and T. Rowe Price led the deal, which allows employees and existing shareholders to sell stock for liquidity without raising new capital from the previous $11 billion valuation.
- ElevenLabs now handles more than 15 million conversations weekly, with enterprise customers generating 55% of revenue; clients include Stripe, Deutsche Telekom, and governments of Ukraine and Greece.
- The company opened a Brussels office and hired a finance chief who previously took Adyen public; CEO Mati Staniszewski said, "We're already seeing rapid adoption of expressive voice agents by enterprises and governments."
- Staniszewski aims to prepare the startup for a stock market listing within two to two and a half years, using the tender offer to retain researchers competing against larger AI companies.
29 Articles
29 Articles
Major foreign media outlets, including the Financial Times (FT), reported on the 30th (local time) that voice AI startup Eleven Labs has raised its corporate value to $22 billion (approximately 30 trillion won) through the sale of existing shares to employees. This is about double the $11 billion valuation recorded last February. Headquartered in London, Eleven Labs is a startup developing AI technology that generates natural-sounding human spee…
AI voice firm Elevenlabs hits $22bn valuation in fresh boost for UK tech
London-based ElevenLabs has hit a $22bn (£16bn) valuation after completing a $300m employee share sale, marking another sharp jump in value for one of Britain’s fastest-growing AI firms. The voice AI group’s valuation has doubled since its $11bn Series D in February, when it raised $500m, and is now more than 2,000 times the $9m [...]
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