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☆ AI voice cloning startup ElevenLabs confirms $1.1 billion valuation after it closes third funding round in year
  + stars: | 2024-01-22 | by ( Riddhi Kanetkar | Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
Read previewElevenLabs, an early-stage AI startup that has captured the attention of some of the world's biggest investors, has raised its third funding round in a year. The Series B round values the business at over $1 billion, confirming Business Insider's earlier reporting from November. ElevenLabs last raised a funding round in June, when it tapped up investors for $19 million at a $100 million valuation. It has also released a new AI Speech Classifier tool, which lets anyone detect if an uploaded sample contains AI-generated audio from ElevenLabs. ElevenLabs now aims to expand its Classifier tool to other AI voice models in the coming year.
Persons: —, ElevenLabs, Andreessen Horowitz, Nat Friedman, Uber, Daniel Gross, Piotr Dabkowski, Mati Staniszewski Organizations: Service, Business, Google, Github Locations: London, New York, Sequoia
☆ Hot AI startup ElevenLabs, founded by ex-Google and Palantir staff, is set to raise $18 million at a $100 million valuation. Check out the 14-slide pitch deck it used for its $2 million pre-seed.
  + stars: | 2023-04-12 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +4 min
London-based ElevenLabs is set to raise $18 million after securing a $2 million round in January. ElevenLabs, a hot artificial intelligence startup, is set to raise $18 million at a $100 million valuation, months after announcing its $2 million pre-seed round in January. ElevenLabs synthesizes speech "that takes context into account and conveys it accordingly," Staniszewski told Insider in January after the firm announced its pre-seed round. The pre-seed round was led by Czech-based early-stage venture capital firm Credo Ventures, which has previously backed UiPath and Apiary. Check out the 14-slide deck ElevenLabs used to raise its pre-seed funding.
☆ AI is so hot that top-tier funds are fighting to back tiny seed-stage startup ElevenLabs at valuation of around $100 million, sources say
  + stars: | 2023-03-29 | by ( Riddhi Kanetkar | Callum Burroughs | ) www.businessinsider.com   time to read: +4 min
A16z is among a raft of top-tier funds battling to invest in a tiny British AI startup, sources say. London-based ElevenLabs closed a $2 million pre-seed round two months ago but is set to raise again. The deal is testament to the hype that surrounds AI startups following the release of ChatGPT last year. Andreessen Horowitz is among a raft of top-tier investors fighting to lead a round into a tiny AI startup that will value it at around $100 million as investor hype around the technology intensifies, sources say. Now, the startup is set to raise new funds again, in part due to its rapid growth in revenue, three London-based investors said.
☆ This startup, founded by ex-Google and Palantir staffers, uses AI to generate realistic voiceovers. Here's the 14-slide pitch deck ElevenLabs used to raise $2 million.
  + stars: | 2023-01-23 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +3 min
London-based ElevenLabs has raised $2 million in pre-seed funding from Credo Ventures. The startup has developed an AI voice tool that can generate realistic speech in different languages. A startup that has developed an AI-based voice tool that creates realistic speech output has raised $2 million in pre-seed funding from Credo Ventures. The company also conducts research into AI voice intelligence, so it can hone its product offering and provide realistic speech synthesis tools across a range of languages. With the fresh funds, the startup will launch its beta platform, and hone in on its product offering.
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