Home / Business and Economy / ElevenLabs Explores $22 Billion Stock Sale Amid Talent Competition
ElevenLabs Explores $22 Billion Stock Sale Amid Talent Competition
3 Jul
Summary
- ElevenLabs is considering a secondary share sale.
- The company could be valued at approximately $22 billion.
- The transaction is expected to occur by September.
London-based AI voice generation company ElevenLabs is reportedly exploring a secondary share sale. This potential transaction, expected by September, could value the firm at approximately $22 billion. This development highlights a trend among AI startups, which are increasingly facilitating employee stock sales to attract and retain top talent in a competitive market.
Founded in 2022 by Piotr Dabkowski and CEO Mati Staniszewski, ElevenLabs develops advanced AI tools, including a platform capable of generating realistic speech from text. The company previously raised $500 million in a Series D funding round earlier this year, which established its valuation at $11 billion.
