ElevenLabs, a startup specializing in AI-driven voice technology, has announced the inauguration of its European headquarters in London. The move marks a significant milestone in the company’s global expansion strategy. The new London office aims to attract top AI talent and foster innovation in the field, reflecting the company’s commitment to growth and technological advancement. The decision to locate in London underscores its strategic importance in the tech landscape.
When ElevenLabs previously announced plans for expansion, it mainly focused on North America. The choice of London as a new hub underscores a strategic pivot towards Europe, aiming to leverage the region’s diverse talent pool. Earlier statements highlighted New York as a potential hub, but the significant commitment to London is a newer development, reflecting changing priorities in the company’s expansion strategy.
In comparison to prior announcements, the current focus on London and its AI ecosystem represents an evolution in ElevenLabs’ strategy. Earlier expansions were more geographically dispersed, but the concentrated effort here aims to build a solid foundation in a city known for its innovative tech environment.
Strategic Location and Facilities
The new office on Wardour Street will serve as a central hub, currently housing over 20 employees and with plans to expand to 100 in the coming years. The company designed the space to support both in-person and remote work, accommodating a diverse workforce spread across multiple continents. The office will also include an incubator space for local startups and creatives, offering them resources to enhance their AI audio projects.
“We’re opening physical hubs for those who prefer to work in person, starting with the London office, soon to be followed by new spaces set to open in New York and Warsaw,” ElevenLabs mentioned.
Collaborations and Community Engagement
ElevenLabs is partnering with London & Partners to promote inclusive and sustainable growth in Europe’s AI sector. London & Partners’ research shows that a majority of international business leaders consider London an ideal location for AI development due to its supportive ecosystem and favorable government incentives. This partnership aims to further integrate ElevenLabs into London’s AI community and contribute to the city’s technological advancements.
“The fact that we have incredibly innovative companies like ElevenLabs choosing London for its European headquarters is not only a testament to the city’s thriving ecosystem but also to our solid AI credentials,” said Janet Coyle CBE, MD of Grow London at London & Partners.
Founded in 2022 by former Google (NASDAQ:GOOGL) engineer Piotr Dąbkowski and former Palantir strategist Mati Staniszewski, ElevenLabs has quickly risen in the tech world, with its technology being utilized by 41% of Fortune 500 companies. The company secured $80 million in a Series B funding round earlier this year, achieving a valuation of $1.1 billion. This financial backing will support further expansion and innovation in AI voice technology.
The establishment of ElevenLabs’ European headquarters in London represents a significant step in the company’s growth trajectory. By choosing London, ElevenLabs aims to leverage the city’s rich talent pool and innovation-friendly environment. The new office not only supports the company’s remote-first approach but also provides a collaborative space for local startups and creatives. The collaboration with London & Partners further strengthens its foothold in the European market, demonstrating commitment to sustainable and inclusive growth. As ElevenLabs continues to expand, its focus on AI-driven voice technology is expected to push the boundaries of what is possible in the field.
