In conjunction with the funding announcement, ElevenLabs introduced a suite of innovative products including the Dubbing Studio, a marketplace named Voice Library, a preview of the Mobile Reader App, and upgraded models with enhanced speed and language coverage. These advancements extend the company's influence across diverse sectors such as the creator economy, publishing, conversational AI, entertainment, education, and accessibility. The Series B funding will be directed toward advancing research, expanding infrastructure, developing vertical-specific products, and fortifying safety measures.
Key takeaways:
- ElevenLabs has secured $80 million in Series B funding following the release of their AI voice innovation. The funding round was co-led by Andreessen Horowitz, Nat Friedman, and Daniel Gross, with additional support from Sequoia Capital, Smash Capital, SV Angel, BroadLight Capital, and Credo Ventures.
- The company has introduced a new multilingual voice generation model that can produce emotionally expressive AI audio content in nearly 30 languages. Their advancements extend across diverse sectors, including the creator economy, publishing, conversational AI, entertainment, education, and accessibility.
- ElevenLabs has also launched a suite of innovative products including the Dubbing Studio, a marketplace named Voice Library, a preview of the Mobile Reader App, and upgraded models featuring enhanced speed and language coverage.
- The Series B funding will be directed toward advancing research, expanding infrastructure, developing vertical-specific products, and fortifying safety measures, ensuring the ethical progression of AI technology.