Voice AI startup ElevenLabs raised $300 million through a tender offer, doubling its valuation to $22 billion from $11 billion. Founded in 2022 by Mati Staniszewski and Piotr Dabkowski, the company has grown from a roughly $10 million pre-seed valuation in early 2023 to $22 billion in about three years. ElevenLabs now reports approximately $600 million in annual recurring revenue, up from over $330 million at the end of 2025. Major clients include Klarna, Deutsche Telekom, and Cisco, with more than 55% of revenue coming from enterprise customers. The company has raised over $781 million in total funding across its financing rounds.
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