(Reuters) -ElevenLabs is letting employees sell shares at a valuation of $6.6 billion – double the voice cloning artificial intelligence startup’s previous value, Bloomberg News reported on Monday.

ElevenLabs had raised $180 million in its last funding round in January which gave it a valuation of $3.3 billion at the time.

AI startups engaged in a fierce competition for talent have been increasingly letting employees sell stock as they race to retain and attract top researchers and engineers.

The tender offer will allow staff to sell as much as $100 million in stock, according to the report, and will let employees who have worked at the company for at least a year to cash in on shares.

This would also allow more investors to boost their stake in the company, the report said.

Existing

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