On July 3, sources revealed that AI voice startup ElevenLabs is in early negotiations with investors to allow employees and early investors to sell shares through a tender offer. This deal is expected to be completed by September 2026, with a valuation potentially reaching around $22 billion. This figure indicates that ElevenLabs' valuation has doubled again in just five months. In February 2026, ElevenLabs was valued at $11 billion following a $500 million funding round led by Sequoia Capital, Andreessen Horowitz, and Iconiq. At the beginning of 2025, the valuation was only $3.3 billion. Founded in 2022, ElevenLabs focuses on developing high-quality, multilingual realistic voice cloning software. As of May 2026, ElevenLabs' annual recurring revenue (ARR) has surpassed $500 million, and it has established commercial partnerships with global companies such as Deutsche Telekom, Boston Consulting Group, and Revolut. Despite facing fierce competition from giants like OpenAI and Google, investors continue to show strong interest in this type of vertical voice AI focused on specific areas. ElevenLabs declined to comment on the rumors.
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