September 9, 2025

ElevenLabs, the buzzing voice cloning AI startup, is making waves again! This time, it’s letting its employees sell shares at a whopping $6.6 billion valuation — that’s double what it was last time. Bloomberg News shared this exciting update on Monday. Just this January, ElevenLabs had raised $180 million, which valued the company at $3.3 billion. But now, the startup has doubled that figure in less than a year! Why the sudden rush? AI startups are in a fierce fight to keep and attract the smartest researchers and engineers. So, ElevenLabs is offering staff a chance to sell shares worth up to $100 million. Employees who have been with the company for at least a year can now turn their shares into cash. This move also opens doors for investors to increase their holdings in the fast-growing firm. Big names are backing this deal too. Sequoia Capital and Iconiq Growth are leading the charge, with Andreessen Horowitz and others joining in, according to Bloomberg News. Even ChatGPT’s parent company, OpenAI, is reportedly planning a similar stock sale that might value it at a mind-blowing $500 billion, Reuters has said. ElevenLabs CEO Mati Staniszewski bragged that the team grew from just 77 employees a year ago to 331 right now. Big numbers don’t stop there—he said that by late October 2024, ElevenLabs had crossed $100 million in annual recurring revenue. In just ten months, that figure doubled to $200 million! The company aims to hit $300 million by year-end. Talk about a growth rocket! The startup was co-founded by Piotr Dabkowski and Mati Staniszewski, who bring serious tech creds from Google and Palantir Technologies. With sky-high valuations, sizzling revenue, and hot investor backing, ElevenLabs is clearly ready to shake up the AI world. Stay tuned for more exciting updates from this voice cloning powerhouse!

Read More at Thehindu →

Tags: Elevenlabs, Ai startup, Voice cloning, Stock sale, Funding, Valuation,