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Summary
Generative AI voice startup ElevenLabs has raised $80 million in a Series B funding round led by Andreessen Horowitz and independent venture capitalists Nat Friedman and Daniel Gross. The funding brings ElevenLabs’ total raised to $101 million. The company also announced new products for creating, sharing, and embedding voice clones and other synthetic audio.
Introduction
ElevenLabs, a generative AI voice startup, has secured $80 million in funding from a Series B round. The funding round was led by Andreessen Horowitz and venture capitalists Nat Friedman and Daniel Gross. This marks the second time this trio has led a funding round for ElevenLabs. Along with the funding, ElevenLabs announced a range of new products aimed at creating, sharing, and embedding voice clones and other synthetic audio.
Main Points
– The $80 million in funding brings ElevenLabs’ total raised to $101 million.
– ElevenLabs’ voice AI is now used by 41% of Fortune 500 employees.
– New tools and platforms are being added to the Dubbing Studio, allowing for streamlined creation of dubbing tracks for entire films.
– ElevenLabs is testing its Mobile Reader app, which converts text into audio and offers a three-month free trial.
– ElevenLabs has launched a Voice Library marketplace where users can submit and monetize synthetic versions of their own voices.
– Revenue streams have been created through partnerships with companies like D-ID, Storytel, and Paradox Interactive.
Conclusion
ElevenLabs has secured $80 million in funding, bringing their total raised to $101 million. The company’s voice AI is widely used by Fortune 500 employees. With the new funding, ElevenLabs is expanding its product offerings, including new tools for dubbing tracks and a Mobile Reader app for converting text to audio. The company has also launched a Voice Library marketplace where users can monetize their synthetic voices. ElevenLabs aims to break down language and communication barriers and make content accessible to all.
