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AI Startup ElevenLabs Eyes Global Expansion And Targets IPO
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Sarah Frazier Former Content Manager
ElevenLabs, the AI startup specializing in voice generation, has announced plans to expand globally and pursue an IPO within the next five years.
In a rush? Here are the quick facts:
- ElevenLabs is targeting an expansion across multiple countries as well as a potential IPO.
- The startup recently raised $180 million in a funding round, reaching a $3.3 billion valuation.
- The company’s CEO sees great opportunities in the market with the growth of AI agents.
In an interview with CNBC , the London-based startup said it aims to scale operations across multiple continents.
“We expect to build more hubs in Europe, Asia, and South America, and just keep scaling,” said Mati Staniszewski, ElevenLabs’ CEO and co-founder, to CNBC.
The company currently has offices in London, New York, San Francisco, Warsaw, Bangalore, India, and Japan. It is considering Singapore, Paris, Mexico, and Brazil as potential upcoming locations.
Staniszewski also revealed that ElevenLabs is preparing for a potential IPO within the next five years. The startup recently raised $180 million in a funding round, reaching a $3.3 billion valuation.
The startup’s technology has already made a significant impact across various industries, including politics. Last year, former U.S. Representative Jennifer Wexton made the first AI-generated speech on the House floor using ElevenLabs technology, in recognition of Disability Pride Month. Wexton, who has Progressive Supranuclear Palsy (PSP), used the AI voice tool due to her own speech difficulties.
ElevenLab’s technology also made headlines when it was revealed that an Australian radio station had aired a show hosted by an AI-generated voice for six months without disclosing it to listeners. The station used the voice “Thy,” generated with ElevenLab technology, to host the Workdays with Thy segment every weekday. The use of AI remained undisclosed until a journalist brought it to public attention.
In an interview for the podcast Training Data shared this Tuesday, Staniszewski talked more about his vision for the future of the company and the growing opportunities in the market. He emphasized that AI agents are becoming central to the future of tech—and they will need a voice.
“What we are seeing both on the new startups being created, where it’s like everybody is building an agent, and then on the enterprise side, too,” said Staniszewski. “Voice will fundamentally be the interface for interacting with technology”
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Software Engineer Goes Viral For Juggling Multiple Jobs At Silicon Valley Startups
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Sarah Frazier Former Content Manager
An Indian software engineer, Soham Parekh, has been accused on the social media platform X this week of simultaneously working full-time remote positions at multiple startups in Silicon Valley. Parekh’s name went viral on the social network as more companies acknowledged hiring him—some of them for years. Parekh confirmed some of the claims in a recent interview.
In a rush? Here are the quick facts:
- CEO Suhail Doshi exposed software engineer Soham Parek for working full-time remote positions at multiple startups in Silicon Valley.
- The post went viral on X, and Parekh confirmed some of the claims.
- Multiple startup founders confirmed they had unknowingly hired and interviewed Parekh.
The founder and CEO of Playground AI, Suhail Doshi, shared a post that went viral on the social media network X and sparked surprise in the startup community as more startup leaders recognized Parekh as their employee.
“PSA: there’s a guy named Soham Parekh (in India) who works at 3-4 startups at the same time. He’s been preying on YC companies and more. Beware,” wrote Doshi. “I fired this guy in his first week and told him to stop lying/scamming people. He hasn’t stopped a year later. No more excuses.”
PSA: there’s a guy named Soham Parekh (in India) who works at 3-4 startups at the same time. He’s been preying on YC companies and more. Beware. I fired this guy in his first week and told him to stop lying / scamming people. He hasn’t stopped a year later. No more excuses. — Suhail (@Suhail) July 2, 2025
Doshi included an image of the engineer’s CV and said he tried to talk to Parekh and even gave him a second chance. The post reached over 20 million views and caught attention, as more tech leaders and CEOs also reported hiring Parekh.
Flo Crivello, the CEO of the startup Lindy, was one of the CEOs who had hired Parekh and fired the engineer after reading Doshi’s post on X. “We hired this guy a week ago. Fired this morning,” wrote Crivello in a post . “He did so incredibly well in interviews, must have a lot of training. Careful out there.”
According to other posts shared by Doshi, multiple investors, managers, and CEOs reached out to confirm the information, saying they too had hired or interviewed the talented engineer.
The podcast show TBPN interviewed Parekh on Thursday, who confessed to working at multiple startups simultaneously.
“I’m not proud of what I’ve done. That’s not something I endorse either,” said Parekh. “But no one really likes to work 140 hours a week, I had to do it out of necessity.”
We asked @realsohamparekh if he had been working multiple full-time jobs at once. “It is true.” “I’m not proud of what I’ve done. That’s not something I endorse either. But no one really likes to work 140 hours a week, I had to do it out of necessity.” “I was in extremely dire… pic.twitter.com/IC3qXOPdSt — TBPN (@tbpn) July 3, 2025
Dubbed “Soham-Gate” on social media, the situation has sparked heated debate. Hundreds of users also shared memes and jokes as the news went viral. “Microsoft just laid off 9,000 workers. All of them Soham Parekh,” wrote user Daniel , referring to the recent wave of layoffs announced by Microsoft this week .
