ElevenLabs raises $500M at $11B valuation in major AI voice tech bet
AI voice startup ElevenLabs has secured a $500 million funding round led by Sequoia Capital, boosting its valuation to $11 billion. The company, known for its advanced AI voice synthesis tools, has more than tripled its valuation in the past year. ElevenLabs plans to expand its product line and grow its customer base across video games, media, and accessibility solutions. The funding underlines strong investor confidence in the commercial potential of generative AI applied to voice technology.
This marks a significant vote of confidence in AI-generated media, signaling rapid growth and demand for synthetic voice capabilities.
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