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Voice AI company ElevenLabs said today it raised $500 million in a new funding round led by Sequoia Capital, which was an investor in the startup’s last secondary round through a tender. Sequoia partner Andrew Reed is joining the company’s board. The startup is now valued at $11 billion, more than three times its valuation…
ElevenLabs, the AI voice generation startup, crossed $330 million in annual recurring revenue (ARR), CEO Mati Staniszewski said in an interview with Bloomberg. “Really, what this [growth in ARR] shows is that trajectory across the company. We started the company in 2022 and launched the first product in 2023. It took us 20 months to…
ElevenLabs, an AI startup that just raised a $180 million mega funding round, has been primarily known for its audio generation prowess. The company took a step in another technological direction by launching its first standalone speech-to-text model called Scribe. The startup, valued at $3.3 billion, has aided many other companies in providing speech-to-text services…
Voice AI company ElevenLabs is now letting authors publish AI-generated audiobooks on its own Reader app, TechCrunch has learned and the company confirmed. The announcement comes days after the company partnered with Spotify for AI-narrated audiobooks. ElevenLabs, which raised a $180 million mega-round last month, started inviting authors to try out their publishing program through…