London-based AI voice startup ElevenLabs plans to expand into new international markets and prepare for an initial public offering within five years, following $180 million in funding that boosted its valuation to $3.3 billion.
ElevenLabs, a London-based startup specialising in AI-generated synthetic voices, is setting ambitious sights on global expansion and a public offering within the next five years. Founded in 2022, the company has quickly established itself in the competitive landscape of voice AI, competing with established players such as Speechmatics and Hume AI.
The company’s CEO and co-founder, Mati Staniszewski, outlined plans for major growth beyond its current footprint. With its largest office in London, ElevenLabs already maintains a presence in major cities including New York, Warsaw, San Francisco, as well as locations in Japan, India, and Bangalore. Looking ahead, Staniszewski named Paris, Singapore, Brazil, and Mexico as potential new hubs in Europe, Asia, and South America, underpinning the company’s drive to build a truly global operation. The ultimate objective is to prepare the company for an IPO, aiming to become a public entity geared for long-term industry impact. “From a commercial standpoint, we would like to be ready for an IPO in that time,” he said, adding that the company hopes to be “here for the next generation.”
ElevenLabs’ rapid growth has been matched by significant financial backing. In January 2025, the startup raised $180 million in a Series C round that tripled its valuation to $3.3 billion. This funding round was co-led by prominent venture capital firms Andreessen Horowitz and Iconiq Growth, with participation from a range of notable investors. The capital injection is designated to advance research into more expressive and controllable voice AI, develop new products, and enhance tools available for developers and businesses alike. This came on the heels of an $80 million Series B round in early 2024, which saw the company reach unicorn status with a valuation exceeding $1 billion. The earlier funds were invested into product development, infrastructure expansion, AI research, and the implementation of safety measures for responsible AI use.
ElevenLabs distinguishes itself through its focus on synthesising natural-sounding voice software using deep learning technologies. The startup provides tools capable of creating AI-generated voices with varied languages, accents, and emotional expressions, which has broad applications across media, entertainment, and business communications. By contrast, rivals like Speechmatics, founded in 2006, primarily develop automatic speech recognition (ASR) software aimed at converting speech to text accurately across multiple languages and accents. Speechmatics offers versatile deployment options including on-premises, public, and private clouds, serving diverse industry needs for transcription and language processing rather than voice generation.
As ElevenLabs pursues its IPO ambitions, the voice AI sector remains highly dynamic, with rapid technological advances and increasing investor interest. The startup’s focus on global scale and innovation positions it well to compete at the forefront of AI voice technologies. However, achieving a successful public offering will depend on market conditions as well as the company’s ongoing ability to innovate and differentiate within a crowded field.
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Source: Noah Wire Services
- https://www.cnbc.com/2025/07/03/ai-voice-startup-elevenlabs-plots-global-expansion-eventual-ipo.html – Please view link – unable to able to access data
- https://www.cnbc.com/2025/07/03/ai-voice-startup-elevenlabs-plots-global-expansion-eventual-ipo.html – ElevenLabs, a London-based AI voice generation startup founded in 2022, plans to expand globally and aims to be IPO-ready within five years. CEO Mati Staniszewski mentioned potential new locations in Paris, Singapore, Brazil, and Mexico, with London being the largest office, followed by New York, Warsaw, San Francisco, Japan, India, and Bangalore. The company is targeting major global expansion as it prepares for an initial public offering.
- https://www.reuters.com/technology/artificial-intelligence/voice-ai-startup-elevenlabs-closes-new-funding-round-33-billion-valuation-2025-01-30/ – In January 2025, ElevenLabs raised $180 million in a Series C funding round, tripling its valuation to $3.3 billion. The round was co-led by Andreessen Horowitz and Iconiq Growth, with participation from NEA, World Innovation Lab, Valor, Endeavor Catalyst Fund, and Lunate. The funds are intended to expand research into more expressive and controllable voice AI, create new products, and enhance tools for developers and businesses.
- https://techcrunch.com/2024/01/22/voice-cloning-startup-elevenlabs-lands-80m-achieves-unicorn-status/ – In January 2024, ElevenLabs secured $80 million in a Series B funding round, achieving a valuation of over $1 billion. The round was co-led by Andreessen Horowitz, former GitHub CEO Nat Friedman, and entrepreneur Daniel Gross, with participation from Sequoia Capital, Smash Capital, SV Angel, BroadLight Capital, and Credo Ventures. The funds are aimed at product development, expanding infrastructure, AI research, and enhancing safety measures for responsible AI technology development.
- https://www.speechmatics.com – Speechmatics, founded in 2006, is a UK-based company specialising in automatic speech recognition (ASR) software. The company offers solutions for businesses to transcribe human-level speech into text, regardless of gender or demographic barriers. Their technology can be deployed on-premises and in public and private clouds, providing versatile speech recognition services across various industries.
- https://en.wikipedia.org/wiki/Speechmatics – Speechmatics is a UK-based technology company that develops automatic speech recognition (ASR) software using recurrent neural networks and statistical language modelling. Founded in 2006, the company offers speech recognition solutions for various industries, enabling businesses to transcribe human-level speech into text. Their technology supports multiple languages and accents, providing comprehensive and accurate transcription services.
- https://en.wikipedia.org/wiki/ElevenLabs – ElevenLabs is a software company specialising in developing natural-sounding speech synthesis software using deep learning. Founded in 2022 by Piotr Dąbkowski and Mati Staniszewski, the company offers tools for creating AI-generated voices with different languages, accents, and emotions. Since its launch, ElevenLabs has raised significant funding, including a $180 million Series C round in January 2025, valuing the company at $3.3 billion.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The narrative presents recent developments, including ElevenLabs’ plans for global expansion and an IPO within the next five years. The earliest known publication date of similar content is January 30, 2025, when ElevenLabs raised $180 million in a Series C funding round, tripling its valuation to $3.3 billion. ([investing.com](https://www.investing.com/news/stock-market-news/voice-ai-startup-elevenlabs-closes-new-funding-round-at-33-billion-valuation-3840693?utm_source=openai)) This indicates that the current report is based on recent events, with no significant recycled content identified.
Quotes check
Score:
9
Notes:
The direct quotes attributed to CEO Mati Staniszewski regarding the company’s IPO ambitions and future plans are consistent with statements made in previous reports. For instance, in the January 30, 2025, funding announcement, Staniszewski stated, “This funding moves us closer to a world where digital interactions happen by voice – fluid, natural, and as effortless as a conversation.” ([investing.com](https://www.investing.com/news/stock-market-news/voice-ai-startup-elevenlabs-closes-new-funding-round-at-33-billion-valuation-3840693?utm_source=openai)) The consistency of these quotes across multiple sources suggests they are accurately attributed and not fabricated.
Source reliability
Score:
10
Notes:
The narrative originates from a reputable organisation, CNBC, known for its comprehensive coverage of business and technology news. The information aligns with data from other credible sources, such as Reuters and TechCrunch, which have reported on ElevenLabs’ funding rounds and expansion plans. ([investing.com](https://www.investing.com/news/stock-market-news/voice-ai-startup-elevenlabs-closes-new-funding-round-at-33-billion-valuation-3840693?utm_source=openai), [techcrunch.com](https://techcrunch.com/2024/01/22/voice-cloning-startup-elevenlabs-lands-80m-achieves-unicorn-status/?utm_source=openai)) This consistency across multiple reputable outlets enhances the credibility of the report.
Plausability check
Score:
9
Notes:
The claims regarding ElevenLabs’ global expansion and IPO plans are plausible and supported by recent developments. The company has demonstrated significant growth, including a $180 million Series C funding round in January 2025, valuing it at $3.3 billion. ([investing.com](https://www.investing.com/news/stock-market-news/voice-ai-startup-elevenlabs-closes-new-funding-round-at-33-billion-valuation-3840693?utm_source=openai)) Additionally, ElevenLabs has been expanding its presence in various regions, including Poland and India, indicating a strategic approach to global growth. ([elevenlabs.io](https://elevenlabs.io/blog/its-1111?utm_source=openai)) The narrative’s tone and language are consistent with typical corporate communications, further supporting its authenticity.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative presents recent and original information about ElevenLabs’ global expansion and IPO plans, supported by consistent and accurate quotes from CEO Mati Staniszewski. The source is reputable, and the claims are plausible, aligning with recent developments and reports from other credible outlets. No significant issues were identified, indicating a high level of confidence in the report’s accuracy and authenticity.
