ElevenLabs raises $250m in a Series C funding round led by ICONIQ Growth
ICONIQ Growth led the Series C financing, which values the artificial intelligence company at $3bn.
≈ £201M at $1 = £0.8032 on 27 Jan 2025
ElevenLabs develops advanced artificial intelligence voice and audio tools used globally for tasks such as text generation, voice cloning, and dubbing.
ElevenLabs has secured $250m in a Series C funding round led by ICONIQ Growth, alongside participation from Andreessen Horowitz. The capital supports the continued development of the company's generative audio platform and voice cloning technology.
The London-born firm has experienced rapid growth since its inception, achieving unicorn valuation status early last year. Its tools are utilized across entertainment, publishing, and independent content creation for tasks ranging from automated dubbing to realistic speech synthesis.
The latest financing brings significant additional backing to the voice technology sector, which saw substantial venture capital activity throughout the previous year. ElevenLabs continues to expand its commercial partnerships and platform offerings while navigating discussions around the ethical use of synthetic media.
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ElevenLabs
ElevenLabs builds artificial intelligence voice and audio generation technology for creators and enterprises.