The voice cloning startup ElevenLabs becomes a unicorn with over $1 billion in valuation after securing $80 million in Series B funding.

Voice cloning startup ElevenLabs has successfully raised $80 million in a Series B round, led by Andreessen Horowitz, former GitHub CEO Nat Friedman, and entrepreneur Daniel Gross. This funding has elevated the company to unicorn status, valuing it at over $1 billion. ElevenLabs intends to use the funds for product development, expanding its infrastructure and team, AI research, and enhancing safety measures for responsible and ethical AI technology development.

January 22, 2024
4 Articles