ElevenLabs Joins Ranks of World’s Most Valuable AI Firms

AI summary of the source article

Voice AI company ElevenLabs doubled its valuation to $22 billion following a $300 million secondary stock sale led by Wellington and T Rowe Price. The transaction makes the London-based firm one of the ten most valuable AI labs outside China, placing it near France’s Mistral in market valuation. CEO Mati Staniszewski stated that the secondary sale brought in institutional investors like Goldman Sachs and Singapore's GIC while supporting efforts to recruit and retain researchers against major AI competitors. Meanwhile, ElevenLabs recently launched its Iconic Marketplace to license historical voices amid growing industry concerns over deepfakes.

Why it matters

The valuation surge positions ElevenLabs among the world's most valuable AI firms and provides secondary liquidity to help attract and retain researchers in a competitive talent market.

Key facts

• ElevenLabs reached a $22 billion valuation after employees and investors sold $300 million in stock in a tender led by Wellington and T Rowe Price.
• The deal brought in long-term institutional investors such as Goldman Sachs and Singapore's sovereign wealth fund, GIC.
• The new valuation makes the London firm one of the 10 most valuable AI labs outside China, comparable to France's Mistral.