ElevenLab’s valuation doubles to $22BN, as completes $300M employee tender offer

The valuation of UK hyped AI-audio generator ElevenLabs has doubled to $22bn in less than a year, it said today, as it completed a $300m employee tender offer. ElevenLabs CEO Mati Stanizewski announced the closing of the tender offer on X, along with a progress report on ElevenLabs which made a name for itself by leveraging AI to convert text into speech which sounds like it’s being read by human voices. Existing investors and employees sold £300m worth of stock in the tender offer, which was le