ElevenLabs, a voice AI startup based in Brooklyn, has successfully raised an $80 million Series B at a unicorn valuation. This marks a significant up round from its previous funding and showcases the high investor interest in AI technology.
The Series B was co-led by prestigious investors such as Andreessen Horowitz, Nat Friedman, and Daniel Gross, and joined by other notable investors including Sequoia Capital and SV Angel. The company has developed AI software that allows users to replicate voices in multiple languages and is set to launch new products including a dubbing studio and a voice library marketplace.
The funding landscape for AI and AI-related startups has been significant, with nearly $50 billion raised in 2023. Even in the midst of market slowdowns, the AI sector continues to thrive, with ElevenLabs alone securing over $1 billion in the first three weeks of the year.
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