January 24, 2025:
ElevenLabs Raises $250M, Valued at $3B+ - ElevenLabs, a New York-based AI voice technology startup, secured $250 million in a Series C round at a $3-3.3 billion valuation, led by ICONIQ Growth. Its AI audio tools, which facilitate voice cloning and dubbing, have gained widespread use in publishing, gaming, and tech, boosting its ARR to around $90 million.
Despite competition from giants like Google and OpenAI, ElevenLabs has become a notable figure in generative AI services. The company leverages advanced multimedia applications and is focused on creating safeguards to prevent misuse of its technology.
