AI voice start-up ElevenLabs doubles valuation to $22bn - Financial Times

ElevenLabs, a startup that develops artificial‑intelligence‑driven voice technology, has seen its valuation rise to $22 billion, marking a doubling from its previous assessment. The increase follows a recent financing round that attracted significant investor interest.

The company secured $300 million through an employee tender offer, a transaction that was co‑led by Wellington and T. Rowe Price. The involvement of these established investment firms underscores the level of confidence placed in ElevenLabs’ growth prospects.

The new valuation places ElevenLabs among the higher‑valued firms in the AI voice sector, reflecting the market’s appetite for advanced speech‑generation capabilities. The funding is expected to support further development of the startup’s technology and expansion of its product offerings.

ElevenLabs’ rapid valuation growth and the sizable capital raise illustrate the broader investor enthusiasm for AI‑powered solutions that can generate realistic synthetic speech. The company’s next steps will likely focus on scaling its platform and pursuing additional commercial opportunities.