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Summary
Generative AI voice startup ElevenLabs has raised $80 million in Series B funding and announced new products for creating, sharing, and embedding voice clones and synthetic audio. The company’s voice AI is now used by 41% of Fortune 500 employees. ElevenLabs has added more controls to its Dubbing Studio for creating dubbing tracks and is testing its Mobile Reader app, which converts text into audio. The company has also launched a Voice Library marketplace, where users can submit their voices and earn compensation if their voice is chosen by content creators.
Introduction
ElevenLabs, a generative AI voice startup, has raised $80 million in a Series B funding round co-led by Andreessen Horowitz and independent venture capitalists Nat Friedman and Daniel Gross. The company announced the funding along with new products for creating, sharing, and embedding voice clones and other synthetic audio. This funding brings ElevenLabs’ total raised to $101 million. The company’s voice AI is now used by 41% of Fortune 500 employees.
Main Points
- ElevenLabs adds more controls to its Dubbing Studio for creating dubbing tracks, including options for composing and editing transcripts, translations, and timecodes.
- ElevenLabs is testing its Mobile Reader app, which converts text into audio, with a three-month free trial option.
- Users can submit their voices to ElevenLabs’ new Voice Library marketplace. The platform verifies the voices and makes them available for others to use. If a content creator chooses a voice from the Voice Library, the person who submitted it will receive compensation.
- ElevenLabs aims to transform how we interact with content and break down language and communication barriers. The company has already created revenue streams through partnerships with other companies.
Conclusion
ElevenLabs has secured $80 million in funding and introduced new products to enhance its voice AI offerings. The company’s voice AI is widely used by Fortune 500 employees, and ElevenLabs continues to improve and expand its technology. The addition of more controls to Dubbing Studio and the testing of the Mobile Reader app provide users with enhanced options for creating and accessing voice content. The launch of the Voice Library marketplace allows users to submit their voices and potentially earn compensation. ElevenLabs is committed to shaping the future of accessibility and communication through its innovative voice AI solutions.
