AI startup ElevenLabs plans to prepare for an initial public offering within the next two to three years. The plan shows strong confidence in the fast growing voice AI technology market.
Chief Executive Officer Mati Staniszewski shared the update during a conference in Bukowina Tatrzańska in southern Poland. The announcement places AI startup ElevenLabs among the few generative AI companies from Europe that openly discuss IPO plans.
ElevenLabs builds advanced voice AI technology that creates natural sounding digital voices. The platform converts text into speech with realistic tone and emotion. Many companies use these tools for narration, customer service systems, games, and digital assistants.
Investor interest in AI startup ElevenLabs continues to grow. The company recently raised 500 million dollars in funding. Major investors joined the round, including Sequoia Capital, Andreessen Horowitz, and ICONIQ Capital. The investment valued the AI voice startup at 11 billion dollars.
Strong business growth also supports the ElevenLabs IPO goal. Earlier reports showed that annual recurring revenue reached about 330 million dollars. Rising demand for voice AI technology helped the company expand quickly across industries.
AI startup ElevenLabs also formed important global partnerships. The company works with telecom company Deutsche Telekom, consulting firm Boston Consulting Group, and fintech company Revolut. These partnerships help businesses use voice AI technology in real world operations.
Leadership also considers a dual listing for the ElevenLabs IPO. One possible listing location is the Warsaw Stock Exchange. The company hopes a Warsaw listing could support the local startup ecosystem and attract global investors.
AI startup ElevenLabs started in 2022. The company now operates from headquarters in New York City while keeping strong connections with Warsaw. Both founders come from Poland and continue to support technology development in the region.
Voice AI technology now plays an important role in the wider generative AI industry. Companies use voice systems for media production, accessibility tools, and automated support services. Demand for AI voice tools continues to increase every year.
The ElevenLabs IPO plan highlights the growing value of AI voice platforms. Investors look for companies that build core AI infrastructure with steady revenue growth.
Industry experts believe voice AI will become a major part of digital communication in the future. If the ElevenLabs IPO succeeds, the company could become one of the first major voice AI companies listed on public markets.
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