ElevenLabs, which generates synthetic voices for audiobooks and video dubbing, is in discussions for a funding round that could value the company at $3 billion.
Investors are eager to enter the rapidly growing AI audio sector with ElevenLabs, as its annual recurring revenue increased from $25 million to $80 million quickly.
The potential $3 billion valuation would mark a substantial increase in ElevenLabs’ worth, indicating strong market confidence in the future of AI applications.
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