ElevenLabs doubles valuation to $22B in $300M tender offer

ElevenLabs has doubled its valuation to $22 billion, up from $11 billion in February, following a $300 million tender offer. Led by Wellington Management and T. Rowe Price, the share sale involved employees and existing investors. New participants include Goldman Sachs, EQT, GIC, and Ontario Teachers' Pension Plan. This valuation surge is driven by booming demand for AI voice-agent technology, signaling significant investor confidence in the company's AI infrastructure and the broader AI voice tech market.