Industry Oct 4, 2026
ElevenLabs valuation doubles to $22B – four times that of AI music rival Suno
In short
ElevenLabs completed a USD $300 million employee tender offer at a valuation of $22 billion.
Originally published by
Music Business Worldwide
AI company ElevenLabs has announced the completion of a $300 million employee tender offer. This brings the company’s valuation to $22 billion, significantly outpacing its AI music competitor, Suno.
Originally reported by Music Business Worldwide.