ElevenLabs CEO Mati Staniszewski said the voice artificial intelligence startup could begin preparing to go public in 2028, Bloomberg reported Tuesday (Nov. 3).

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Plans for that initial public offering (IPO) come amid a boom in AI agents for enterprise communications.

“We’d love to IPO, build a public company, build that step in a longer journey,” Staniszewski said at a Bloomberg Tech event in London, per the report. “IPO, of course, is not an end in itself. It’s a step in the journey.”

Founded in 2022, ElevenLabs develops voice and audio models for sales and call centers, audiobook narrations and ad translations, the report said. After a $300 million employee tender offer in September, the company was valued at $22 billion, doubling its valuation from February.

Over the next three to five years, people will come to expect they are interacting with AI in business scenarios, Staniszewski said, according to the report.

“Today you assume that you’re interacting with a human unless it’s proven to be AI,” he said, per the report. “In the future, I think it will be the opposite.”

Although the rise of AI agents has helped increase productivity, concerns about fraud and deepfakes could prevent clients from giving the tech too much leeway, the report said.

With that in mind, ElevenLabs debuted in October a synthetic voice detection tool , which picks up traces in a live audio stream to conclude if the caller is human or AI.

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