ElevenLabs in talks for tender offer at $22bn valuation, doubling February mark

ElevenLabs, a voice AI startup, is in early talks for an employee tender offer valuing the company at about $22 billion, nearly doubling its $11 billion valuation from February. The tender offer would allow staff to sell shares to outside investors and is expected by September. Founded in 2022, ElevenLabs has rapidly grown its annual recurring revenue and attracted significant investment and government interest.