AI voice startup ElevenLabs pushes global expansion as it gears up for an IPO

AI voice generation platform ElevenLabs plans to further its reach globally ahead of an initial public offering, the company's CEO Mati Staniszewski told CNBC

ElevenLabs is considering Paris, Singapore, Brazil and Mexico as potential new hubs for the

The eventual aim is to get the company ready for an IPO in the next five years, according to Staniszewski

It competes with the s of Speechmatics and Hume AI

Sopa Images | Lightrocket | Getty ImagesLONDON — ElevenLabs, a London-based startup that specializes in generating synthetic voices through artificial intelligence, has revealed plans to be IPO-ready within five years

The company told CNBC it is targeting major global expansion as it prepares for an initial public offering. "We expect to build more hubs in Europe, Asia and South America, and just keep scaling," Mati Staniszewski, ElevenLabs' CEO and co-founder, told CNBC in an interview at the firm's London office

He identified Paris, Singapore, Brazil and Mexico as potential new locations

London is currently ElevenLabs' biggest office, ed by New York, Warsaw, San Francisco, Japan, India and Bangalore

Staniszewski said the eventual aim is to get the company ready for an IPO in the next five years. "From a commercial standpoint, we would to be ready for an IPO in that time," he said. "If the market is right, we would to create a public company … that's going to be here for the next generation. "Undecided on locationFounded in 2022 by Staniszewski and Piotr Dąbkowski, ElevenLabs is an AI voice generation startup that competes with the s of Speechmatics and Hume AI

The company divides its into three main camps: consumer-facing voice assistants, integrations with corporates such as Cisco, and tailor-made applications for specific industries health care

Staniszewski said the firm hasn't yet decided where it could list, but that this decision will largely rest on where most of its users are located at the time

Is able to start accelerating," ElevenLabs will consider London as a listing destination, Staniszewski said

The city has faced criticisms from entrepreneurs and venture capitalists that its stock market is unfavorable toward high-growth firms

Meanwhile, British money transfer firm Wise last month said it plans to move its primary listing location to the U. ,Fundraising plansElevenLabs was valued at $3. 3 billion ing a recent $180 million funding round

The company is backed by the s of Andreessen Horowitz, Sequoia Capital and ICONIQ Growth, as well as corporate names Salesforce and Deutsche Telekom

Staniszewski said his startup was open to raising more money from VCs, but it would depend on whether it sees a valid need, scaling further in other. "The way we try to raise is very much, if there's a bet we want to take, to accelerate that bet [we will] take the money," he said.