ElevenLabs reaches $22bn valuation after employee tender
Wellington and T. Rowe Price led the transaction, doubling ElevenLabs' valuation since its Series D funding round in February.
- New investors joining the round include EQT, Goldman Sachs, GIC, OTPP, Sapphire Ventures, and BDT & MSD.
- ElevenLabs released Eleven v4 and v4 Turbo, its updated text-to-speech models.
- Enterprise clients now represent 55% of revenue, with ElevenAgents handling over 15 million conversations weekly.
- The company also noted Scribe v2 Medical, a domain-optimized transcription model for healthcare.
ElevenLabs employees gain liquidity as enterprise adoption of voice AI agents expands across global tech, telecom, and insurance sectors.
