AI VOICE Startup Elevenlabs agrees global extension, possible IPO

Founded in 2022, eleven – startup AI Voice Generation, based in London. He competes with similar performances and Yum.

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London-eleven-willed, London startup, which specializes in creating synthetic voices through artificial intelligence, has discovered plans for five years ready for IPO.

The company reported CNBC that it is aimed at the main global expansion because it is preparing for the original public offer.

“We expect to build more centers in Europe, Asia and South America, and just continue to scale,” said Stanishevsky’s mother, CEO and co-founder of eleven people and co-founder, in an interview at the London office of the company.

He identified Paris, Singapore, Brazil and Mexico as new potential places. Currently, London is the largest eleven office, followed by New York, Warsaw, San Francisco, Japan, India and Bangalore.

Stanishevsky said the goal is to prepare the company for the IPO in the next five years.

“From a commercial point of view, we would like to be prepared for IPO at the time,” he said. “If the market is right, we would like to create a public company … It will be here for the next generation.”

Have not decided on the place

Plans for fundraising

After the recent round of financing for $ 180 million eleven. The company is supported by similar on Andressen Gorowitz, Sequoia Capital and Iconiq, as well as corporate names as Seller and Deutsche Telekom.

Stanishevsky said his startup was open to raising more money in the LCD, but it would depend on whether he would see a true business need, such as further scaling in other markets. “The way we try to lift is very much like if there is a bet we want to accelerate this bet (we will) take money,” he said.

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