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The tender was led by Wellington and T. Rowe Price, with participation from existing backers such as Andreessen Horowitz and Lightspeed, and new investors including EQT and Goldman Sachs. Unlike a conventional fundraising round, a tender offer allows employees and existing shareholders to sell their stocks to investors, providing liquidity without necessarily raising new capital. Some of the biggest AI investments have gone to developers of AI agents, as businesses increasingly adopt the technology to automate customer service and routine back-office tasks. Also Read | US stocks: AI infra firm Accelevation valued at $3.9 billion as shares fall in Nasdaq debut The growing adoption has also drawn major technology companies into the market, with Meta Platforms expanding its personal AI agent Muse to small businesses. Founded in 2022 by Piotr Dabkowski and CEO Mati Staniszewski, London-based ElevenLabs develops AI voice tools, including technology that converts text into speech. ElevenLabs said its agents now handle more than 15 million conversations each week, three times the level in February, performing tasks such as processing refunds, renewing insurance policies and booking appointments. "We're already seeing rapid adoption of expressive voice agents by enterprises and governments, who are deploying them in service of consumers and citizens," co-founder and CEO Mati Staniszewski said. Its models can speak, listen and translate in more than 90 languages used by over 5.5 billion people, according to the company. The company was valued at $11 billion after raising $500 million in a Series D funding round in February. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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