According to the Financial Times of the UK, London-based AI voice startup ElevenLabs has doubled its valuation to $22 billion following an equity transaction, placing it among the world’s most valuable AI labs. The company, which develops highly realistic voice generation software, saw existing investors and employees sell $300 million worth of shares in a transaction led by Wellington Management and T. Rowe Price. This deal doubles ElevenLabs’ valuation compared to its last funding round in February, bringing its valuation close to that of French AI startup Mistral, which recently raised €3 billion at a $24 billion valuation—setting the record for Europe’s largest private technology financing to date.
ElevenLabs valuation doubles to $22B following equity deal
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Summary
ElevenLabs reached a $22 billion valuation following a $300 million equity round led by Wellington Management and T. Rowe Price. The London-based AI voice startup now ranks among the world’s top AI labs, nearing Mistral’s $24 billion valuation. Altcoins to watch may experience renewed interest as the Fear & Greed Index shifts with AI-driven market momentum.
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