Announcing an Employee Tender Offer at $6.6B valuation

ElevenLabs is launching a $100 million employee tender offer at a $6.6 billion valuation, led by investors like Sequoia and ICONIQ, as a means to offer liquidity to its team following significant growth milestones including surpassing $200 million in annual recurring revenue (ARR). The company, which expects to reach $300 million in ARR by year-end and has experienced a 200% increase in enterprise revenue in the past year, attributes its success to its innovative platforms such as the ElevenLabs Agents Platform for conversational AI and the Creative Platform with products like the expressive Text to Speech model Eleven v3. ElevenLabs' technology is widely adopted across various sectors by companies like Cisco, Epic Games, Adobe, and NVIDIA, driven by a mission to make technology interactions as natural as human interactions. The company has grown its team from 70 to over 330 employees within a year, emphasizing the importance of having the right talent to propel its vision of being at the forefront of voice technology.

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