ElevenLabs, a London-based AI voice generation startup, is preparing for a major global expansion ahead of a potential public listing. CEO Mati Staniszewski told CNBC the company is considering new hubs in Paris, Singapore, Brazil, and Mexico to support its scaling efforts.

The firm’s largest office is currently in London, followed by locations in New York, Warsaw, San Francisco, Japan, India, and Bangalore.

"We expect to build more hubs in Europe, Asia, and South America, and just keep scaling," Staniszewski said in an interview at the company’s London headquarters.

IPO Readiness Timeline Set for Five Years

ElevenLabs aims to be IPO-ready within five years, according to Staniszewski. The location for a future listing remains undecided and will depend largely on where the majority of its users are based at the time.

"From a commercial standpoint, we would like to be ready for an IPO in that time," he said. "If the market is right, we would like to create a public company … that's going to be here for the next generation."

Staniszewski added that London is still a candidate for the IPO, but this will depend on the U.K.'s ability to attract and support high-growth technology firms. He referenced Deliveroo’s IPO, which saw a nearly 30% drop in share price, and Wise’s recent decision to shift its primary listing to the U.S.

Backed by Top Investors at $3.3 Billion Valuation

The company was valued at $3.3 billion after a recent $180 million funding round. Investors include Andreessen Horowitz, Sequoia Capital, ICONIQ Growth, Salesforce, and Deutsche Telekom.

Staniszewski said ElevenLabs may raise more funds in the future, but only if there is a specific business reason. “The way we try to raise is very much like, if there's a bet we want to take, to accelerate that bet, we will take the money,” he told CNBC.

Three Core Business Areas Guide Strategy

ElevenLabs divides its business into three main segments: consumer-facing voice assistants, integrations with companies such as Cisco, and custom applications tailored to industries like healthcare.

The startup, founded in 2022 by Staniszewski and Piotr Dąbkowski, competes with firms such as Speechmatics and Hume AI.

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This article was created with AI assistance.