ElevenLabs reaches $22 billion in employee share sale
The voice AI company doubled its valuation since February in a $300 million employee share sale. Enterprises bring 55% of revenue.
The deal
Wellington Management and T. Rowe Price led the sale, with EQT, Goldman Sachs, GIC, OTPP, Sapphire Ventures and BDT & MSD joining for the first time. In February ElevenLabs raised $500 million at $11 billion. It now sits just behind Mistral at $24 billion.
Scale
Its voice agents handle about 15 million conversations a week, and more than half of revenue comes from enterprises, a sign voice agents have moved past pilots in support and call centres.
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