ElevenLabs, a company that uses artificial intelligence to generate realistic human-sounding voices, is weighing a secondary stock sale that would give its employees an opportunity to sell their shares, according to a Bloomberg News report published Thursday citing sources close to the situation.
If the deal moves forward, it could put ElevenLabs’ total value at roughly $22 billion, with the transaction expected to be wrapped up by September, the report indicated.
The move reflects a growing trend among AI companies, which have been increasingly offering employees the chance to sell stock as a way to compete for — and hold onto — top engineering and research talent in an intensely competitive industry.
ElevenLabs was co-founded by Piotr Dabkowski and CEO Mati Staniszewski in 2022. The London-based firm develops AI-powered tools, including a widely used platform that converts written text into lifelike spoken audio.
Earlier this year, in February, the company completed a Series D funding round that brought in $500 million and placed its valuation at $11 billion — roughly half of what the proposed secondary sale would suggest today.
ElevenLabs had not responded to a request for comment at the time of the report.
