ElevenLabs, the A.I.-driven voice platform co-founded by Piotr Dabkowski and Mati Staniszewski, has reached a valuation of $11 billion after securing $500 million in its latest Series D funding round. The massive influx of capital not only bolsters ElevenLabs' financial position but also solidifies the duo's grip on the burgeoning A.I. voice generation market.
With this new investment, Sequoia leads the charge, backed by high-profile firms like Andreessen Horowitz, Iconic, Lightspeed Venture Partners, Evantic Capital, and BOND. The valuation is a staggering threefold increase from last year's $3.3 billion figure and brings ElevenLabs' total funding to an impressive $781 million.
ElevenLabs has established itself as the go-to authority in A.I.-driven voice generation, with its text-to-speech models and conversational technology capabilities drawing widespread attention across various industries. The platform has secured partnerships with prominent clients such as Matthew McConaughey, Masterclass, and even the Ukrainian government.
The company's expansion plans are ambitious, with a focus on establishing offices in Europe, Asia, Australia, and South America to maintain its market dominance. With this move, ElevenLabs aims to stay ahead of rival companies like Hume, WaveForms, and PlayAI, which were recently acquired by Meta.
Dabkowski and Staniszewski's vision for ElevenLabs has come a long way since the company's inception in 2022. As CEO of ElevenLabs, Staniszewski stated, "When we started ElevenLabs, we couldn’t have imagined the scale and impact we’ve reached today... Yet we stay hungry, knowing how early this space is, as we build toward IPO and beyond."
With its impressive growth trajectory and strong financial backing, ElevenLabs is poised to continue its dominance in the A.I.-driven voice generation market. The company's vision of harnessing the power of AI-driven voices is set to shape the future of various industries, from entertainment to enterprise software development.
With this new investment, Sequoia leads the charge, backed by high-profile firms like Andreessen Horowitz, Iconic, Lightspeed Venture Partners, Evantic Capital, and BOND. The valuation is a staggering threefold increase from last year's $3.3 billion figure and brings ElevenLabs' total funding to an impressive $781 million.
ElevenLabs has established itself as the go-to authority in A.I.-driven voice generation, with its text-to-speech models and conversational technology capabilities drawing widespread attention across various industries. The platform has secured partnerships with prominent clients such as Matthew McConaughey, Masterclass, and even the Ukrainian government.
The company's expansion plans are ambitious, with a focus on establishing offices in Europe, Asia, Australia, and South America to maintain its market dominance. With this move, ElevenLabs aims to stay ahead of rival companies like Hume, WaveForms, and PlayAI, which were recently acquired by Meta.
Dabkowski and Staniszewski's vision for ElevenLabs has come a long way since the company's inception in 2022. As CEO of ElevenLabs, Staniszewski stated, "When we started ElevenLabs, we couldn’t have imagined the scale and impact we’ve reached today... Yet we stay hungry, knowing how early this space is, as we build toward IPO and beyond."
With its impressive growth trajectory and strong financial backing, ElevenLabs is poised to continue its dominance in the A.I.-driven voice generation market. The company's vision of harnessing the power of AI-driven voices is set to shape the future of various industries, from entertainment to enterprise software development.