Poland invests public funds to take a stake in ElevenLabs, an AI voice technology company, in a move intended to strengthen the country’s position in Europe’s AI sector. Multiple outlets report that Vinci—an investment arm linked to Poland’s state development bank BGK—acquires an $11 million stake in ElevenLabs. The investment is described as part of a broader effort by Poland to develop a domestic AI ecosystem and attract more AI-related activity to the country, with Bloomberg characterizing it as a step toward building a European AI hub. The Next Web also frames the deal as an effort to ensure Poland’s next major AI success is developed closer to home. ElevenLabs is reported to have a valuation of about $11 billion in connection with the stake purchase. Both sources present the transaction as a government-linked investment in a private AI company, with the stated aim of supporting Poland’s wider AI strategy rather than focusing on any single product or partnership detail.
Poland buys stake in ElevenLabs to support national AI ambitions
Poland invests public funds to take a stake in ElevenLabs, an AI voice technology company, in a move intended to strengthen the country’s position in Europe’s AI sector. Multiple outlets report that V...
- Poland invests $11 million to acquire a stake in AI voice company ElevenLabs.
- Vinci, associated with the Polish state development bank BGK, is reported to make the investment.
- The effort is described as supporting Poland’s goal to become a major European AI hub.
- ElevenLabs is reported to have an estimated $11 billion valuation around the time of the investment.
Poland produced one of the world’s most valuable AI companies almost by accident. Now it is spending public money to make sure the next one stays closer to home. Vinci, the venture arm of Poland’s state development bank BGK, has taken an $11mn stake in ElevenLabs, the AI-voice firm valued at $11bn. The same day, […] This story continues at The Next Web
2 months agoPoland has acquired a stake in artificial intelligence voice company ElevenLabs, as the country hopes to become a major European AI hub.
2 months ago
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