ElevenLabs has officially launched on OpenRouter, offering 9 text-to-speech models supporting 90+ languages and 2 speech-to-text models with speaker labels and word-level timestamps. All ElevenLabs models are 50% off on OpenRouter until October 19, 8am PT.
AI voice startup ElevenLabs is allowing employees to sell a portion of their vested equity at a $22 billion valuation, doubling the $11 billion valuation from a February 2026 funding round. The $300 million tender offer, co-led by Wellington and T. Rowe Price, is the company's second employee liquidity transaction.
At the Nrth entrepreneurship conference in Toronto, ElevenLabs CEO Mati Staniszewski discussed the company's AI voice business, noting enterprise customers including Klarna, Deutsche Telekom, Cisco and Adobe, $600 million in annual recurring revenue and a reported $22 billion valuation. He said businesses should disclose AI conversations, would accept lower gross margins for market share, and revisited his prediction that audio models would be commoditized.
Universal Music Group and ElevenLabs have announced a multi-year licensing agreement and strategic collaboration to launch an AI-powered music creation platform based on licensed music from UMG artists. The platform is still in development with no release date announced, and will mainly target music fans making remixes and mashups, while new AI audio products for artists are also planned.