Founded in 2022 by Mati Staniszewski and Piotr Dąbkowski, ElevenLabs specializes in AI technology for synthetic voice generation, enabling clients to convert written content into audio.

The London-based AI voice startup plans to prepare for an initial public offering (IPO) within the next five years as part of its strategy for global expansion.

In a recent interview, CEO Mati Staniszewski expressed the company's aspiration to go public, stating, 'If the market is right, we would like to create a public company that’s going to be here for the next generation.'

Although ElevenLabs has not yet filed for an IPO, strong backing from major growth firms and a focus on mobile expansion indicate potential readiness for a public listing.

The company's valuation has surged from over $1 billion in 2024 to $3.3 billion in 2025, fueled by innovative products and strategic market positioning.

This valuation was bolstered by a $180 million funding round in January 2025, with investments from notable firms such as Andreessen Horowitz and Sequoia Capital.

Currently, ElevenLabs operates in several countries, including the UK, US, Poland, Japan, and India, and aims to expand further into Europe, Asia, and South America.

CEO Staniszewski has identified potential new office locations in Paris, Singapore, Brazil, and Mexico to support this expansion.

Three key factors driving ElevenLabs' valuation include its diverse product ecosystem, an ethical framework that enhances brand equity, and significant partnerships with firms like Deutsche Telekom and LG Ventures.

As of mid-2025, ElevenLabs has created over 250,000 voice agents, solidifying its influence in customer service and audiobook narration.

Despite its leadership in voice realism and speed, ElevenLabs faces competition from companies like Cartesia and Camb AI, which offer advanced features such as lower latency.

Investors are advised to keep an eye on ElevenLabs for improvements in latency, enterprise adoption, and regulatory developments, as these will be crucial for its future success and potential IPO.