We recently closed a $300 million employee tender offer that values ElevenLabs at $22 billion, double our valuation at our Series D in February.

The round was led by Wellington and T.

Rowe Price, long-term institutional investors with the experience our next stage of growth requires.

In 2022, we raised our first round at a $9 million valuation, which we announced alongside Eleven v1, our first Text to Speech model, and the first model to cross the uncanny valley of speech.

Four years later, as we reach our new valuation, we just released two new state-of-the-art Text to Speech models.

Eleven v4 and v4 Turbo are our fastest and most emotive models yet, which are already leading independent benchmarks .

Alongside models, we have built a full interaction platform for AI.

It allows organizations to deploy conversational agents, connected to their knowledge and systems, that interact naturally in any industry, geography, or context.

This shift is driving much of our growth, with enterprise now accounting for 55% of our revenue, as businesses adopt ElevenAgents to support their customers and employees.

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