ElevenLabs doubles its valuation to $22 billion after employee share sale

[TomTiz]

AI voice company ElevenLabs is now valued at $22 billion after a $300 million tender offer, where existing employees sold some of their shares to investors. That is double the $11 billion valuation from its Series D round in February, when it raised $500 million. Wellington and T. Rowe Price led the tender, with new investors including EQT, Goldman Sachs, GIC and Sapphire Ventures joining long standing backers such as Andreessen Horowitz and Sequoia

ElevenLabs is best known for its realistic synthetic voices, but the business has grown well beyond that. It now runs three main platforms: conversational AI agents for customer service, creative tools for generating audio, images and video, and developer APIs. The company says it handles more than 15 million customer service conversations a week. That is a serious volume of real business

Its client list is impressive. ElevenLabs says it works with five of the world's ten largest tech companies, five of the top ten insurers and four of the top ten telecoms providers. It has around 800 employees. Chief executive Mati Staniszewski said AI should interact with people the way we interact with each other

Voice is quickly becoming one of the main ways people deal with AI. We discussed the Gemini Live and ChatGPT Voice comparison last week, and customer service calls are an obvious target for automation. The worry, of course, is that synthetic voices also make scams and impersonation far easier

Doubling in eight months shows how much money is chasing AI companies with real revenue. Have you knowingly spoken to an AI voice agent yet when phoning a company? How did it go?

Elevenlabs Valuation Doubles 22 Billion Surging Ai Voice Agent Demand 2026 09 30www.reuters.com

[ChampionEdge86]

Voice cloning scams are the dark side. Criminals can fake a family member's voice from a short clip

Companies like ElevenLabs need strong checks on who can clone what. Banks should stop using voice as a security check