ElevenLabs, a generative AI startup focused on voice, is in talks to raise capital in a deal that would catapult its valuation to $1 billion.
It is unclear as yet whether Sequoia would invest alongside Andreessen Horowitz or if they are competing with one another.
Five months on, the prospective new round will increase that valuation 10 times over to $1 billion, three sources said.
ElevenLabs and Andreessen Horowitz did not respond to a request for comment.
Bruce Reed, President Biden's AI chief, said that voice cloning "keeps me up at night," in an interview with Politico.
Persons:
Andreessen Horowitz, Joe Rogan, Emma Watson, Gizmodo, ElevenLabs, Sequoia, OpenAI's ChatGPT, FOMO, Mati Staniszewski, Nat Friedman, Daniel Gross, Eric Adams, Adams, Bruce Reed, Biden's, Meta
Organizations:
Google, VC, Sequoia, Meta, Britain's Companies, Concept Ventures, New York City, White, Politico
Locations:
London, New York