This story is from September 30, 2026. For the latest, see today's news.
AI voice technology company ElevenLabs has reached a $22 billion valuation following a $300 million employee tender offer. The deal was co-led by investment firms Wellington and T. Rowe Price, marking a doubling of the startup's valuation from its previous funding milestone.
ElevenLabs makes AI tools for voice generation and synthesis, used widely in media production, dubbing, and content creation. The tender offer structure allows existing employees to sell shares rather than the company raising fresh primary capital, reflecting strong investor demand for a stake in the company.
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