AI voice startup ElevenLabs doubles valuation to $22B

This is the second time the four-year-old ElevenLabs has authorized a secondary transaction for employees. The company previously held a $100 million tender at a $6.6 billion valuation in September 2025.

Founded in 2022, the company is known for generating ultra-realistic human voices and sound effects. With its new valuation, New York- and London-based ElevenLabs joins the ranks of Europe’s most valuable startups.