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ElevenLabs Latest AI Unicorn After $80M Raise

Illustration of conversation bubbles. [Dom Guzman]

Voice AI startup raised an $80 million Series B at a unicorn valuation as investor interest in all AI tech remains at an all-time high.

The Brooklyn-based company did not release an exact valuation, but did say it had reached unicorn status.

That represents a significant up round from its Series A in June, when the firm raised $19 million at a $99 million post-money valuation.

The Series B was co-led by , and , and joined by , 1, , and .

ElevenLabs allows creators, enterprises and others to use AI software to replicate voices in dozens of languages. The company is set to launch a set of new products, including a dubbing studio and a voice library marketplace.

Our ambition remains the same to transform how we interact with content by breaking down language and communication barriers, said CEO in a release. We’re building cutting-edge technology to make content accessible across languages and voices to enable everyone to connect with information and stories that matter.

More money

Generative AI and AI-related startups raised nearly $50 billion in 2023, per 蹤獲弝け , including eight rounds of $500 million or more and many other nine-figure deals.

While this year is not on that crazy pace, similar startups already have raised more than $1 billion in the first three weeks of this year showing that even as the venture world slows down, the AI sector remains immune to any declines.

Founded in 2022, ElevenLabs has raised $101 million, .

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