ElevenLabs doubles valuation to $22 billion

AI voice startup ElevenLabs is now valued at $22 billion, double its $11 billion valuation from February. The company launched a $300 million employee tender offer, co-led by Wellington and T. Rowe Price, allowing staff to sell vested equity. Founded in 2022, ElevenLabs powers 15 million weekly conversations and supports over 90 languages.