AI company ElevenLabs has raised $19 million in fresh funding, confirming earlier Insider reporting. Year-old AI voice startup ElevenLabs has raised $19 million in early-stage funding, as venture capital investors rush to back firms in generative AI. Cofounder and CEO Mati Staniszewski previously told Insider that the startup saw huge potential in the publishing and audiobooks sector. Since launching its beta platform in January 2023, the startup says it has hit 1 million users and generated over 10 years of audio content. Credo Ventures and Concept Ventures, which backed the startup's $2 million pre-seed round, also joined the new round.

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Persons: ElevenLabs, Andreessen Horowitz, Nat Friedman, Daniel Gross, Mike Krieger, Mustafa Suleyman, Brendan Iribe, Mati Staniszewski, Staniszewski Organizations: Venture, Ventures, Concept Ventures Locations: London, New York