ElevenLabs has successfully raised $180 million in a Series C funding round, achieving a post-money valuation of $3.3 billion. This significant investment, co-led by a16z and ICONIQ Growth, will further develop the company’s audio AI tools, particularly focusing on creating more expressive and controlled audio models. CEO Mati Staniszewski mentioned the importance of developing 'omni-models' that integrate text and audio for better multimodal interactions. The funding round attracted a mix of new and previous investors, reflecting the heightened interest in generative AI, especially in the realm of synthetic voice technology.
ElevenLabs raised $180 million in Series C funding, valuing the AI audio startup at $3.3 billion, driven by investor interest in generative AI.
CEO Mati Staniszewski emphasized their focus on developing more expressive audio AI models with multimodal capabilities to enhance user interaction.
The funding will support the expansion of ElevenLabs' audio tools and business development, catering to a growing demand for synthetic voice technology.
The investment round saw participation from new prominent investors alongside past backers, highlighting ElevenLabs' significance in the crowded generative AI landscape.
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