ElevenLabs valuation increases to $22 billion fueled by enterprise demand for conversational agents
We recently closed a $300 million employee tender offer that values ElevenLabs at $22 billion, double our valuation at our Series D in February. The round was led by Wellington and T. Rowe Price, long-term institutional investors with the experience our next stage of growth requires.In 2022, we raised our first round at a $9 million valuation, which we announced alongside Eleven v1, our first Text to Speech model, and the first model to cross the uncanny valley of speech. Four years later, as we