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AI voice startup ElevenLabs doubles valuation to $22 billion

Original: AI voice startup ElevenLabs doubles valuation to $22B

AI voice startup ElevenLabs has reportedly doubled its valuation to $22 billion, according to a TechCrunch report. The company, known for its realistic AI-generated speech tools, is one of the fastest-growing players in the audio AI space. The jump underscores continued investor enthusiasm for generative AI startups, even as the sector faces scrutiny over voice cloning and misuse concerns.

Why now: The sharp valuation increase highlights the ongoing investor race around generative AI companies.

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