ElevenLabs’s $11B valuation is more than twice the size of Suno’s. It just struck a global AI music deal with UMG.
ElevenLabs will launch an AI-powered music platform for fans under the deal, with the two companies also jointly developing AI audio products for artists and songwriters Source source https://www.musicbusinessworldwide.com/elevenlabss-11b-valuation-is-more-than-twice-the-size-of-sunos-its-just-struck-a-global-ai-music-deal-with-umg/