AI Startup ElevenLabs Aims to Be IPO-Ready in Two or Three Years

(Bloomberg) — AI voice startup ElevenLabs plans to be ready for an initial public offering in two to three years, according to Chief Executive Officer Mati Staniszewski, potentially making it one of the first artificial intelligence companies started in Europe to prepare for an IPO.

ElevenLabs, which uses AI to create a variety of realistic voices, recently raised $500 million in a round led by some of the world’s leading investors, including Sequoia Capital, Andreessen Horowitz and Iconiq. The startup was valued at $11 billion in the funding deal.