ElevenLabs explores employee stock sale at $22 billion valuation: report

AI voice generation firm ElevenLabs is exploring a secondary share sale that would allow employees to sell stock, Bloomberg News reported ‌on ⁠Thursday, citing ⁠people familiar with the matter.

The proposed transaction could value the company ​at about $22 billion and is expected to occur by ​September, the report added.

AI ⁠startups engaged ‌in fierce ​competition ​for talent have been ⁠increasingly letting employees sell stock as ​they race to retain ​and attract top researchers and engineers.