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ElevenLabs Raises $500M At $11B Valuation, Considers IPO

Funding Milestone And Strategic Partnerships

London-based AI startup ElevenLabs announced a significant funding round, securing $500 million at an $11 billion valuation. The round was led by Sequoia Capital and saw strong participation from established investors, including Andreessen Horowitz and Iconiq Capital. New backers such as Lightspeed Venture Partners, Evantic Capital, and Bond also joined the round, underscoring the robust investor confidence in the company’s disruptive AI technology.

Innovative Growth And Enterprise Adoption

Founded in 2022, ElevenLabs initially gained recognition for its advanced text-to-speech models before expanding its portfolio to incorporate speech-to-text, sound effects, dubbing, music, and conversational AI. Its cutting-edge products empower enterprises to deploy voice and chat agents and offer brands and creators a platform to generate and localize audio content. Industry giants, including Nvidia, Meta, and Salesforce, leverage ElevenLabs’ voice infrastructure to innovate their offerings.

Scaling Globally And Preparing For An Ipo

ElevenLabs closed 2025 with an impressive $330 million in annual recurring revenue, driven by enterprise adoption from clients such as Deutsche Telekom and Revolut. Cofounder Mati Staniszewski remarked, “This funding helps us go beyond voice alone to transform how we interact with technology altogether,” hinting at the company’s broader plans. With offices spanning Europe, Brazil, Mexico, India, South Korea, Japan, and the United States, the firm is well-positioned for international expansion while gearing up for a potential IPO.

AI Startup Funding At Record Levels

The surge in investment in the AI sector is not isolated. In 2025, European AI startups raised a record €21.6 billion, with notable rounds including French model builder Mistral’s €1.7 billion raise and UK-based Nscale’s $1.1 billion funding. Additionally, landmark rounds for companies like German defence tech Helsing and UK avatar developer Synthesia further illustrate the market’s escalating confidence. In the United States, investors pumped $164.6 billion into AI companies. Major funding rounds for OpenAI, Anthropic, and xAI drove much of this growth, alongside reports that Amazon could invest up to $50 billion in OpenAI.

As AI continues to redefine the technological landscape, ElevenLabs’ latest funding round not only marks a significant milestone for the company but also highlights the broader industry’s momentum towards transformative, next-generation AI applications.

Women Make Up A Majority Of The EU’s Science And Technology Workforce But The Real Gap Is Elsewhere

Women now make up the majority of the EU’s science and technology workforce. According to Eurostat, in 2025, more than 81.6 million people aged 15 to 74 were employed in science and technology occupations across the EU. Of those, 52.5% were women, equal to 42.8 million women. The number of women in these occupations rose by 27.9% compared with 2015, an increase of more than 9.3 million over a decade.

On the surface, the numbers resemble progress. However, Eurostat’s category requires context before that figure can be read accurately. The data refers to HRST, or Human Resources in Science and Technology, specifically people employed in science and technology occupations. These are roles where the main tasks require professional or technical knowledge in physical and life sciences, but also in social sciences and humanities. That definition is wider and broader than engineering, ICT, laboratory science, or high-tech research alone.

Zooming In

The gender picture changes once the data moves from a wider definition of the workforce to the narrower scientist-and-engineer (research and manufacturing) subgroup.

Scientists and engineers represented almost a quarter of all people employed in science and technology in the EU in 2025. Eurostat describes scientists and engineers as often being the innovators at the centre of technology-led development, making them an important subgroup to focus on separately.

Women accounted for only 40.8% of scientists and engineers in 2025, despite making up more than half of the wider category. That share has increased by a mere 0.5 percentage points over the past decade. The absolute number of women working as scientists and engineers rose from 5.3 million in 2015 to 8.2 million in 2025, despite the push from national and international organisations to increase the number of women in the field. Europe has expanded the number of women in science and technology occupations over ten years. However, that expansion has not extended equally into the scientist-and-engineer subgroup, where much of Europe’s research and innovation work is conducted.

In 2025, of the 39.4 million women aged 25 to 64 working in science and technology occupations in the EU, 35.5 million worked in service activities. Only 2.7 million worked in manufacturing. Women accounted for 57.5% of science and technology employment in services, but only 31.3% in manufacturing.

In 2025, the highest shares of women employed in science and technology occupations were recorded in Latvia at 62.4%, followed by Hungary’s Great Plain and North region at 61.1%, Estonia at 60.5%, Poland’s Central macroregion at 60.4%, and Lithuania at 60.3%. No EU country recorded a majority of women among science and technology workers in manufacturing.

Break-down

Eurostat’s figures measure employment in broad science and technology occupations. They do not show job security, pay levels, management roles, promotion rates, research leadership, or whether women are concentrated in junior or senior workplace positions.

The classification of “senior” also requires additional explanation. Eurostat reports that 45.9% of science and technology workers aged 25 to 64 in the EU were classified as “senior” HRST in 2025. In this dataset, “senior” refers to workers aged 45 to 64. It does not mean senior manager, senior researcher, team lead, or decision-maker.

A high female share in the wider Human Resource Science and Technology (HRST) category does not parallel equal representation across scientists, engineers, manufacturing roles, senior posts, pay, research funding, or decision-making. These figures also reflect the occupational mix inside each country or region, not only structural progress across all areas of science and technology.

The Case Of Cyprus

Eurostat data places Cyprus’s overall science and technology employment at 37.2% of the labour force in 2025, slightly above the EU-27 figure of 36.9%, and above Greece at 26.8%, Malta at 33.9%, and Turkey at 18.2%. This figure covers the total share of the labour force employed in science and technology across all genders.

Progress Or Work-in-Progress?

52.5% in the broad category. 40.8% among scientists and engineers. 31.3% in manufacturing. Europe’s gender gap in science and technology hasn’t closed yet, and there is still work to be done to encourage and support more women to enter the field, especially in research and manufacturing.

Let’s not wait another decade for another couple of percentage points of hope.

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