ElevenLabs, an AI voice generation firm, is exploring a secondary share sale that would allow employees to sell stock, according to a report by Bloomberg News. The proposed transaction could value the company at about $22 billion and is expected to occur by September.
The company, founded in 2022 by Piotr Dabkowski and CEO Mati Staniszewski, builds AI tools, including a platform that turns text into realistic speech. ElevenLabs raised $500 million in a series D round in February that valued the company at $11 billion.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.