ElevenLabs Plans Global Expansion, IPO Within Five Years

ElevenLabs, a London-based AI startup specializing in synthetic voice technology, is preparing for an initial public offering within the next five years while aggressively expanding its global presence. Founded in 2022, the company has rapidly grown to a $3.3 billion valuation following a $180 million funding round led by investors such as Andreessen Horowitz and Sequoia Capital. With existing hubs in London, New York, Warsaw, San Francisco, Japan, India, and Bangalore, ElevenLabs plans to establish new offices in Paris, Singapore, Brazil, and Mexico to scale operations further. CEO Mati Staniszewski emphasized the goal of becoming IPO-ready if market conditions are favorable, aiming to build a sustainable company for the next generation. The company serves diverse sectors including publishing, gaming, and healthcare, and competes with other AI voice technology firms like Speechmatics and Hume AI. While the listing location remains undecided, London is a possibility if the UK market accelerates its support for high-growth tech companies.