ElevenLabs, the viral AI-powered platform for creating synthetic voices, has raised a new round of cash.
Today, the startup announced the closure of a $19 million Series A round co-led by entrepreneurs Nat Friedman and Daniel Gross alongside Andreessen Horowitz. Other participants included heavyweights Creator Ventures, SV Angel, Instagram co-founder Mike Krieger, Oculus co-founder Brendan Iribe, Deepmind and Inflection AI co-founder Mustafa Suleyman and O’Reilly Media founder Tim O’Reilly.
A source familiar with the matter tells TechCrunch that the tranche values ElevenLabs at $99 million post-money — a respectable figure, especially considering that the startup launched just over a year ago.
“This investment will be used to continue building ElevenLab’s cutting-edge research hub for voice AI and to launch a range of additional products to support specific market verticals such as publishing, ...
