AI voice startup ElevenLabs doubles its valuation to $22 billion following an equity deal.

TechFlow reported on September 30 that, according to the Financial Times, London-based AI voice startup ElevenLabs doubled its valuation to $22 billion following an equity transaction, joining the ranks of the world's most valuable AI labs. The company, which develops realistic voice generation software, saw existing investors and employees sell $300 million worth of shares through an equity sale led by Wellington Management Company and T. Rowe Price. This transaction doubled ElevenLabs' valuation compared to its last funding round in February, bringing it in line with French AI startup Mistral, which completed a €3 billion funding round at a €21 billion (approximately $24 billion) valuation this month, marking the largest private tech financing in Europe.