AI BriefingSeries B Funding Raised
Key point
Voice AI company ElevenLabs raised an $80 million Series B funding round and unveiled a new product lineup.
Details
ElevenLabs successfully closed an $80 million Series B funding round co-led by Andreessen Horowitz, Nat Friedman, and Daniel Gross, joining the ranks of unicorn companies. With this investment, ElevenLabs plans to further solidify its leading position in global voice AI research and product deployment.
Along with the funding announcement, the company unveiled the following new products and features:
- Dubbing Studio: Provides a workflow for dubbing entire films and directly editing scripts, translations, and timecodes.
- Voice Library marketplace: A secure platform where users can create their own AI voice clones and earn revenue when others use them.
- Mobile Reader App (preview): A mobile app that instantly converts text and URLs into audio, allowing users to listen to content on the go.
Currently, ElevenLabs' technology is used by 41% of Fortune 500 companies, and the total audio generated by users has surpassed 100 years. The company is expanding into various industries such as publishing, gaming, and media through partnerships with Storytel, The Washington Post, NetEase, Inworld AI, and others.
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