In an interview with CNBC, Mr. Mati Staniszewski - CEO of ElevenLabs said that the company will open more centers in locations such as Paris, Singapore, Brazil and Mexico. These centers are located next to existing offices in London, New York, San Francisco, Japan and India.
ElevenLabs was founded in 2022, currently valued at about $3.3 billion after a $180 million round, backed by major investors such as Andreessen Horowitz, Sequoia Capital, Salesforce and Deutsche Telekom.
ElevenLabs technology applies artificial intelligence to synthesize voices with high accuracy, serving 3 main groups: voice assistant for individual users, enterprise integration solutions and industry-based applications, such as healthcare. The company is also collaborating with a number of major partners, including Cisco.
Regarding the IPO plan, Mr. Staniszewski said the listing location is still being considered. This factor depends on which market had the largest number of users at the time of launch. Although London is the current center, US stock exchanges are considered more attractive to rapidly growing technology companies.
Mr. Staniszewski also said that despite successful capital raising, Eleven Labs is still ready to mobilize more if strategic opportunities such as expanding the market appear. If there is something that needs to be done immediately, we will find resources to do it, the CEO shared.
However, in addition to the potential for widespread application in content creation, advertising, education, ... this technology also raises concerns about the risk of spreading fake news, toxic content or affecting the jobs of workers in the traditional video production industry.
According to some technology experts, the important thing now is to build a suitable legal framework to control the risks of AI voice technology, especially as it is increasingly easy to access and use.
