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.
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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 [...]
ElevenLabs' valuation doubles to $22 billion on surging AI voice-agent demand
ElevenLabs said on Wednesday it had completed a $300 million employee tender offer valuing the AI voice generation startup at $22 billion, twice the valuation it secured in its February funding round.
‘Let our people share in some of the value’: ElevenLabs hits $22bn
ElevenLabs is now worth $22bn, double its $11bn valuation in February. Employees and existing investors sold $300m of shares, the voice AI company said in a blog post on Wednesday. Wellington Management and T. Rowe Price led the deal. Six investors bought in for the first time. They are EQT, Goldman Sachs, Singapore’s GIC, Ontario […] This story continues at The Next Web
The company develops synthesis voices and conversational assistants.
ElevenLabs closed a US$300 million employee liquidity offer that elevates the IA's voice rating firm to US$22 billion. The operation, led by Wellington and T. Rowe Price, coincides with a strong breakthrough of its conversational agents among business customers.
ElevenLabs doubles its valuation to $22bn in a $300m share sale
ElevenLabs is now worth $22bn, double its $11bn valuation in February. Employees and existing investors sold $300m of shares, the voice AI company said in a blog post on Wednesday. Wellington Management and T. Rowe Price led the deal. Six investors bought in for the first time. They are EQT, Goldman Sachs, Singapore's GIC, Ontario [ . . . ] This story continues at The Next Web
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