ElevenLabs, a London-based AI startup, plans to expand globally and go public within five years, said CEO Mati Staniszewski. The company raised $180 million this year, reaching a $3.3 billion valuation through strong investor interest and strategic growth. ElevenLabs uses its AI-powered voice platform to change how industries like entertainment and healthcare create and use voice.
Global Growth Hubs on the Horizon
ElevenLabs plans to grow its global presence by opening new hubs in Paris, Singapore, Brazil, and Mexico. These locations will join its existing offices in London (the largest), New York, San Francisco, Warsaw, India, Japan, and Bangalore.
CEO Mati Staniszewski emphasized the company’s long-term vision, saying, “We expect to build more hubs in Europe, Asia, and South America and just keep scaling.” He aims to build a public company designed to serve the next generation.
IPO Readiness Depends on Market and User Base
ElevenLabs plans to go public but hasn’t finalized the location for its listing. The company may consider London if the UK financial market improves support for high-growth tech firms. Caution stems from past IPO disappointments, such as Deliveroo’s debut, which saw shares fall nearly 30% on the first day. Wise has also decided to move its primary listing to the US, citing limitations in the UK market.
These developments have made ElevenLabs and other tech startups question whether London can offer the right environment for scaling publicly.
Diverse Applications and Business Segments
Mati Staniszewski and Piotr Dąbkowski founded ElevenLabs in 2022 to lead the AI voice generation space. The company operates across three main segments: lifelike AI voice tools for consumers, enterprise integrations with partners like Cisco, and customized solutions for industries such as healthcare. ElevenLabs competes with players like Speechmatics and Hume AI but sets itself apart by focusing on realism, voice variability, and multilingual capabilities.
Conclusion
Generative AI is transforming creative and communication tools around the globe, and ElevenLabs is uniquely positioned to become an integral part of the audio infrastructure for applications powered by AI. The company will be able to advance plans for an IPO, a doubling and tripling of scale, and worldwide expansion, which sets them up nicely to accelerate the future of human-machine interactions.
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