These Billionaires Under 30 Doubled Their Startup's Valuation to 22 Billion Dollars
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The Polish startup ElevenLabs is now valued at 22 billion dollars. On Wednesday, ElevenLabs announced it had completed a tender offer worth 300 million dollars, which allowed employees to sell their shares to investors. This doubled the startup's value from the 11 billion dollars it was valued at when it closed its last Series D funding round worth 500 million dollars in February.Co-founded by Mati Staniszewski and Piotr Dabkowski, alumni of 'Under 30 Europe,' ElevenLabs is known for its AI models capable of creating ultra-realistic, human-like voices. It has been used for purposes such as dubbing videos and films into various languages, voice cloning, creating conversational AI agents, or converting text to speech for different types of content.Earlier this year, Staniszewski, who appeared on the cover of Forbes, also spoke about ElevenLabs' '1 Million Voices' initiative, where the startup collaborates with people suffering from diseases like ALS or cancer to help them preserve their voices. The startup collaborated with the late actor Eric Dane, who was presented with his AI-generated voice by ElevenLabs just a week before his passing.The company has experienced rapid growth since its founding in 2022, raising 781 million dollars from investors such as Sequoia Capital and Andreessen Horowitz. It now also boasts clients like Epic Games and Cisco, and, reportedly, enterprise...
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