ElevenLabs

In an interview published 6 October 2026, ElevenLabs CEO and co-founder Mati Staniszewski told CNBC-TV18 that India has become the company's second-largest market after the US and that revenue now crosses a $600 million annual run rate. He said ElevenLabs plans to invest hundreds of millions of dollars in India, is building local go-to-market, engineering, research and forward-deployed engineering teams, and that Eleven v4 supports 14 Indian languages today with a target of all 22 official languages; named Indian users include Physicswallah, Cars24, Razorpay and Havells. The disclosure establishes India as a second core revenue geography for a voice-AI company last valued at $22B.

Source: CNBC-TV18

ElevenLabs announced on 2026-09-30 that it completed a $300 million employee tender offer at a $22 billion valuation, double the $11 billion valuation of its $500 million round in February, with the transaction co-led by Wellington and T. Rowe Price. It is the company's second employee tender, after a $100 million tender at $6.6 billion in September 2025. The company-confirmed price resets the reference valuation for ElevenLabs shares.

Source: TechCrunch

In a TechCrunch interview published 2026-09-24, ElevenLabs co-founder and CEO Mati Staniszewski said the company is at $600M in annual recurring revenue, more than 55% of it enterprise, up from about $350M at end-2025 and the ~$500M targeted for early 2026; TechCrunch notes backers reportedly value it at $22B. He declined to confirm a 2028 IPO and said he accepts gross-margin pressure to win share. The newly disclosed run-rate underpins the pricing of its pending $500M+ round.

Source: TechCrunch

Bloomberg reported on 17 September 2026 that the EU-backed Scaleup Europe Fund - a roughly EUR50bn vehicle managed by EQT and set up earlier in 2026 - is in talks to invest in UK-based ElevenLabs, which is seeking to raise more than $500 million. Talks are ongoing and no deal is guaranteed; the raise would follow ElevenLabs' $500M Series D at an $11B valuation earlier in the year. A sovereign-backed round of this size would reset the valuation reference point for ElevenLabs secondary buyers.

Source: Bloomberg

ElevenLabs is moving to establish local data residency in South Korea as part of a push to attract enterprise voice AI clients with compliance requirements.

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