AI TRENDS | ElevenLabs Hires CFO, Targets 2028 IPO

ElevenLabs has hired a chief financial officer and is targeting an IPO in 2028. According to Sina Finance, the AI voice startup is also expanding into enterprise customers and said last month that it could reach $600 million in annual recurring revenue. According to Sina Finance, the London-based company hired Ethan Tandowsky, who previously served as CFO of Adyen. The article said Tandowsky had held multiple finance roles at Adyen before becoming CFO in 2023. The report said ElevenLabs was founded in 2022 by Mati Staniszewski and Piotr Dąbkowski. It also said the company became profitable and that its valuation reached $11 billion after a $500 million funding round led by Sequoia Capital in February.