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AI voice platform ElevenLabs raises $19 million

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AI voice platform ElevenLabs raises  million

Startup ElevenLabs, which is developing an artificial intelligence platform for voice generation, has announced that it has raised $19 million in a Series A funding round.

What is known

The company said that the investment is being used to develop an advanced research center in the field of voice AI. ElevenLabs also plans to launch a number of additional products to support markets such as publishing, games and entertainment.

The funding round was led by venture capital firm Andreessen Horowitz, former GitHub CEO Nat Friedman, and entrepreneur Daniel Gross. Andreessen Horowitz will take a seat on the board of directors.

The startup was also supported by Credo Ventures, Concept Ventures and a number of strategic angel investors.

Source: ElevenLabs





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