AI text-to-speech startup ElevenLabs is reportedly preparing to launch an IPO within the next five years as per a CNBC report. Mati Staniszewski, CEO and co-founder of the New York-based startup told the outlet that they are looking to expand with more hubs in Europe, Asia and South America. 

The startup’s London office is still their biggest followed by New York, Warsaw, San Francisco, India and Bangalore. 

In March, during an India tour, Siddharth Srinivasan said the country was their biggest market and Hindi was among the top three languages in terms of the content being generated by ElevenLabs.

The startup also supports between 11-12 Indian languages and has a local team based out of here. 

Earlier in January this year, ElevenLabs raised $180 million in a funding round by Andreessen Horowitz, Sequoia Capital and ICONIQ Growth and companies like Salesforce and Deutsche Telekom. Post the fundraising, the AI audio startup was valued at $3.3 billion.