ElevenLabs Raises $300M in Tender Offer, Valuation Doubles to $22 Billion

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AI voice technology startup ElevenLabs has seen its valuation double to $22 billion following a $300 million employee tender offer. The funding round was co-led by investment firms Wellington Management and T. Rowe Price. The tender offer allows existing employees to sell shares, providing liquidity without a traditional funding round. This milestone underscores growing investor confidence in AI-powered voice technology as the sector continues to attract major capital.

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