ElevenLabs
ElevenLabs Raises $80M Series B
Quick Facts
ElevenLabs Raises $80M Series B
AI voice technology company creating realistic text-to-speech and voice cloning tools for content creators and developers
Key Highlights
- Funding Amount: $80M Series B
- Valuation: $1.1B
- Headquarters: New York, NY
- Founded: 2022
- Employees: 40-80
- Total Raised: $101M
About the Funding Round
ElevenLabs has successfully closed $80M Series B in funding, marking a significant milestone in the company's growth trajectory. This investment will enable the company to accelerate product development, expand market reach, and strengthen its position in the ai/ml sector.
Investor Syndicate
The round was backed by a prestigious group of investors:
- Andreessen Horowitz
- Nat Friedman
- Daniel Gross
This diverse group of investors brings not only capital but also strategic expertise and valuable networks that will help ElevenLabs achieve its ambitious goals.
Market Opportunity
The ai/ml market continues to experience rapid growth, driven by increasing demand for innovative solutions and digital transformation across industries. ElevenLabs's unique approach and proven technology position it well to capture significant market share in the coming years.
Company Background
Founded in 2022 and headquartered in New York, NY, ElevenLabs has established itself as an innovative player in the ai/ml space. With 40-80 employees, the company has built a strong team focused on delivering exceptional value to customers.
Next Steps
With this new funding, ElevenLabs plans to:
- Accelerate product development and innovation
- Expand into new markets and geographies
- Grow the team across engineering, sales, and operations
- Strengthen partnerships with key industry players
- Scale infrastructure to support rapid growth
Industry Impact
This funding round represents a strong vote of confidence in ElevenLabs's vision and execution. The investment will help drive innovation in the ai/ml sector and create new opportunities for customers and partners.
For more information about ElevenLabs, visit their website or contact their press office.
Key Investors
About the Author
Related Company Reports
You.com Raises $50M Series B
AI-powered search engine providing personalized results and integrated AI chat for enhanced information discovery
Typeface Raises $100M Series C
Generative AI platform for enterprise content creation, enabling businesses to create personalized marketing content at scale
Stability AI Raises $101M Series A
Open-source AI company behind Stable Diffusion, building foundational AI models for image, audio, and video generation