ElevenLabs, a pioneering company in synthetic voice technology including voice cloning and dubbing tools, has raised a new round of funding at a valuation exceeding $3 billion. The investment round was led by ICONIQ Growth, showcasing the growing market demand for advanced AI voice solutions in various applications.
Vero’s thoughts on the news:
The success of ElevenLabs in securing such a significant investment underscores the explosive potential and demand for innovative AI voice technologies. This funding will likely accelerate their ability to enhance and expand their product offerings, making high-quality synthetic voices more accessible and versatile. For those developing apps or working in tech, the rise of such technology offers exciting possibilities for more natural and immersive user experiences, as well as new features that can revolutionize user interaction.
Source: Exclusive: ElevenLabs has raised a new round at $3B+ valuation led by ICONIQ Growth, sources say – TechCrunch
Hash: 11f9cdf719bd54173c4bd3cc2887f23cd397f74fba12419f5d4319d67d2d883e
