ElevenLabs, an AI startup specializing in generating realistic voices, has begun preparations for its IPO. The company plans to go fully public within the next two to three years, considering a strategic dual listing on international exchanges.
ElevenLabs, an AI startup specializing in generating realistic voices, has begun preparations for its IPO. The company plans to go fully public within the next two to three years, considering a strategic dual listing on international exchanges.
As Bloomberg reports, CEO Mati Staniszewski wants to make ElevenLabs one of the first European-based artificial intelligence companies to begin preparations for an initial public offering.
According to him, the company seeks to support a new wave of innovation in its home region, which is why one of the listings is planned on the Warsaw Stock Exchange. At the same time, private sources familiar with the negotiations claim that the New York or London stock exchanges are being considered as a second platform for placing shares.
The company recently raised $500 million in a funding round led by leading global investors including Sequoia Capital, Andreessen Horowitz, and Iconiq, valuing ElevenLabs at $11 billion.
The developer is actively scaling its business and expanding its presence in various markets through strategic partnerships. As Stanishevsky noted, the company’s new partners include telecommunications giant Deutsche Telekom AG, consulting group Boston Consulting Group, fintech startup Revolut, as well as the Ukrainian government.
