ElevenLabs valuation reaches $22 billion after tender offer

VERA Brief

AI-generated. Grounded in the article and its cited sources.

AI voice technology company ElevenLabs has reached a valuation of $22 billion. This valuation was established through a $300 million employee tender offer, co-led by Wellington and T. Rowe Price, reflecting investor confidence.

Key facts

• AI voice technology company ElevenLabs has achieved a valuation of $22 billion.
• The valuation was established through a $300 million employee tender offer.
• The tender offer saw participation from Wellington and T. Rowe Price as co-leads.
• The tender offer allowed for the sale of shares by existing employees.
• ElevenLabs is known for its AI-powered voice generation and cloning technologies.