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AI voice start-up ElevenLabs in funding talks at $11bn valuation

Fundraising would transform company into UK’s most highly valued AI start-up

ElevenLabs is in talks for new funding that would almost double its valuation to $11bn within months and transform it into the UK’s most valuable AI start-up.

The AI voice-generator company is seeking to raise hundreds of millions of dollars from investors, according to people familiar with the matter. The discussions come just four months after a secondary share sale, which valued it at $6.6bn.

The people added that the talks were at an early stage and could still change.

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