AI Startup ElevenLabs Raises Funds at Over $3 Billion Valuation
- The $180 million round was co-led by Andreessen Horowitz
- Company to use funds to research “more expressive” voice AI
ElevenLabs said the new funding would help it strengthen AI safety while continuing to expand its product offerings.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
ElevenLabs, a startup that uses artificial intelligence software to replicate voices, has raised $180 million in a new round of funding that values the company at $3.3 billion, tripling what it was worth a year earlier.
The round, announced on Thursday, was co-led by Andreessen Horowitz and Iconiq Growth, with participation from new and existing investors, including NEA and Sequoia Capital. ElevenLabs has raised a total of $280 million in funding to date.