8 hrs ago
ElevenLabs Aims to Prepare for Potential IPO by 2028
ElevenLabs is a company that makes technology for computers to speak and understand voices.
Its CEO says the company hopes to be prepared for a possible stock market listing by 2028.
That does not mean it has decided to go public by then.
Investors recently valued the company at $22 billion in a deal that let some employees and shareholders sell part of their holdings.
The company also makes AI agents that can help with tasks such as booking appointments and processing refunds.
It says those agents now handle more than 15 million conversations each week.
ElevenLabs says its voice models work across more than 90 languages.
CEO Mati Staniszewski said ElevenLabs hopes to have the groundwork for a potential public listing ready by 2028.
A recent $300 million employee tender offer valued the company at $22 billion.
The tender offer was led by Wellington and T. Rowe Price, with existing and new investors participating.
ElevenLabs says its AI agents now handle more than 15 million conversations weekly, three times February's level.
The company says its models can speak, listen and translate across more than 90 languages.
- Who
- ElevenLabs, its CEO and co-founder Mati Staniszewski, and investors in its tender offer.
- What
- The company is laying groundwork for a potential public listing by 2028 and was valued at $22 billion in a $300 million employee tender offer.
- Where
- ElevenLabs is based in London.
- When
- Staniszewski made the comments recently; he said the company hopes to have the foundation ready by 2028.
- Why
- The company aims to prepare for a potential listing as it expands its AI voice technology and agents.
Key facts
- Company
- ElevenLabs, a London-based AI voice technology company founded in 2022
- Potential listing preparation
- CEO Mati Staniszewski said the company hopes to have the foundation ready by 2028
- Tender offer
- $300 million, allowing employees and existing shareholders to sell some holdings
- Latest valuation
- $22 billion following the tender offer
- Previous valuation
- $11 billion after a $500 million Series D round in February
- Agent activity
- More than 15 million conversations a week, three times the level recorded in February
- Language coverage
- More than 90 languages, according to the company
Quotes
Mati Staniszewski
CEO and co-founder of ElevenLabs
“We're already seeing rapid adoption of expressive voice agents by enterprises and governments, who are deploying them in service of consumers and citizens”
CNBC TV 18
“We would like to be ready in the next couple of years. By 2028, I think we should hopefully have the foundation ready”
CNBC TV 18
Sources
Related news
ElevenLabs Plans Tenfold India Team Expansion Amid Voice AI Growth
ElevenLabs Plans Major India Investment in Voice AI
OpenAI Discusses $1.2 Trillion Funding Round Ahead of IPO
Anthropic Eyes November IPO Amid Competition and Heavy Losses
Anthropic Eyes October Nasdaq IPO at $2 Trillion Valuation
