"UK-based artificial intelligence voice company ElevenLabs has raised a further $500 million in fresh funding, pushing its valuation to $11 billion and cementing its position as one of Britain's most valuable private tech firms. The latest round was led by Sequoia Capital, with participation from existing investors including Andreessen Horowitz and actor Matthew McConaughey. The deal more than triples ElevenLabs' valuation from a year ago and brings total funding raised since its 2022 launch to $781 million."
"Founded in London by former Google engineer Piotr Dąbkowski and ex-Palantir employee Mati Staniszewski, ElevenLabs has rapidly become a global leader in AI-generated speech. Its technology converts text into highly realistic, human-like voices, supports multilingual dubbing, and has recently expanded into music and sound effect generation. The platform is increasingly being adopted by enterprises to create AI-powered customer service agents capable of conversing naturally in more than 30 languages."
ElevenLabs secured $500 million in new funding, raising its valuation to $11 billion and bringing total funding since 2022 to $781 million. The round was led by Sequoia Capital with participation from Andreessen Horowitz and Matthew McConaughey. The company, founded in London by Piotr Dąbkowski and Mati Staniszewski, converts text into realistic human-like voices, supports multilingual dubbing, and has expanded into music and sound effect generation. Enterprises use the platform to build AI-powered customer service agents in over 30 languages; clients include Deliveroo, Deutsche Telekom, Square, Revolut and the Ukrainian government. ElevenLabs launched a marketplace for licensed iconic voices and has settled prior legal disputes over unauthorised voice use while continuing to invest in transcription and dubbing capabilities.
Read at Business Matters
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