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ElevenLabs voice generation AI platform raises $19m

By: Bohdan Kaminskyi | 20.06.2023, 14:51

Start-up ElevenLabs, which develops an artificial intelligence platform for generating voice, has announced it has raised $19m in a Series A funding round.

Here's What We Know

The company said it woulc use the investment to develop a cutting-edge research centre for voice AI. ElevenLabs also plans to launch a number of additional products to support markets such as publishing, gaming 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.

Credo Ventures, Concept Ventures and a number of strategic angel investors have also backed the startup.

Source: ElevenLabs

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