AI Startup ElevenLabs Eyes Global Expansion And Targets IPO

ElevenLabs, the AI startup specializing in voice generation, has announced plans to expand globally and pursue an IPO within the next five years.

In an interview with CNBC, the London-based startup said it aims to scale operations across multiple continents.

“We expect to build more hubs in Europe, Asia, and South America, and just keep scaling,” said Mati Staniszewski, ElevenLabs’ CEO and co-founder, to CNBC.

The company currently has offices in London, New York, San Francisco, Warsaw, Bangalore, India, and Japan. It is considering Singapore, Paris, Mexico, and Brazil as potential upcoming locations.

Staniszewski also revealed that ElevenLabs is preparing for a potential IPO within the next five years. The startup recently raised $180 million in a funding round, reaching a $3.3 billion valuation.

The startup’s technology has already made a significant impact across various industries, including politics. Last year, former U.S. Representative Jennifer Wexton made the first AI-generated speech on the House floor using ElevenLabs technology, in recognition of Disability Pride Month. Wexton, who has Progressive Supranuclear Palsy (PSP), used the AI voice tool due to her own speech difficulties.

ElevenLab’s technology also made headlines when it was revealed that an Australian radio station had aired a show hosted by an AI-generated voice for six months without disclosing it to listeners. The station used the voice “Thy,” generated with ElevenLab technology, to host the Workdays with Thy segment every weekday. The use of AI remained undisclosed until a journalist brought it to public attention.

In an interview for the podcast Training Data shared this Tuesday, Staniszewski talked more about his vision for the future of the company and the growing opportunities in the market. He emphasized that AI agents are becoming central to the future of tech—and they will need a voice.

“What we are seeing both on the new startups being created, where it’s like everybody is building an agent, and then on the enterprise side, too,” said Staniszewski.  “Voice will fundamentally be the interface for interacting with technology”