ElevenLabs, an AI speech synthesis startup, recently announced the completion of US$80 million in Series B financing, with a valuation exceeding US$1 billion, once again confirming the booming development and huge potential of the AI speech technology field. This round of financing was led by a number of well-known institutions. This is not only an affirmation of ElevenLabs’ technical strength, but also provides a strong impetus for its future development. ElevenLabs is known for its powerful voice cloning technology. This financing will help it further expand its business and launch more innovative products and services, such as AI movie dubbing services and voice library market.
ElevenLabs, a start-up company focusing on AI speech synthesis, completed a US$80 million Series B financing in January 2024, with a valuation of more than US$1 billion. Known for one of the most powerful tools in the voice cloning space, the company was founded by a former Google engineer and a former Palantir strategist. With the financing led by a number of well-known institutions, ElevenLabs plans to launch an AI movie dubbing service and a voice library market where users can sell AI voice copies.ElevenLabs’ successful financing and future plans indicate that AI speech synthesis technology will be widely used in more fields, bringing users a more convenient and intelligent experience. This huge amount of financing will promote the continuous innovation of AI voice technology and bring revolutionary changes to industries such as movies and games. Look forward to more surprises from ElevenLabs in the future.