ElevenLabs, which develops voice technologies based on artificial intelligence, is in talks for a new round of financing. According to the Financial Times, citing sources, the round could value the company at $11 billion and attract “hundreds of millions of dollars” in investment.
Such a deal could make ElevenLabs the most valuable AI startup in the UK. In this case, the company would also surpass Wayve, which is currently valued at about $8 billion and is working on autonomous driving technologies. It is noted that in the fall of 2025, ElevenLabs was valued at $6.6 billion during a secondary share sale.
ElevenLabs is engaged in creating realistic voices using artificial intelligence. The platform is used in areas such as text-to-speech, multilingual dubbing and customer support. The company reached $330 million in annual recurring revenue (ARR) in 2025.
The startup was founded in London in 2022 by Polish entrepreneurs Mati Staniszewski and Petr Dobkowski. In January 2025, ElevenLabs had raised $180 million in investment at a valuation of $3.3 billion.
