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AIStartups

ElevenLabs: The AI Voice Startup That’s Music to Investors’ Ears

Nicole Kristine Jovero
Last updated: October 10, 2024 1:05 am
Nicole Kristine Jovero
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  • ElevenLabs, an AI voice startup, may soon be valued at $3 billion
  • Its revenue has grown rapidly to $80 million annually
  • Investors are eager to participate in its potential new funding round

Contents
Talking the TalkVoice of the FutureValuation Crescendo

Talking the Talk

ElevenLabs, the AI voice generation wunderkind, is causing quite a stir in investor circles. The two-year-old startup is reportedly in talks for a new funding round that could catapult its valuation to a whopping $3 billion.

Voice of the Future

Specializing in AI-powered synthetic voices for audiobooks and real-time video dubbing, ElevenLabs has seen its annualized recurring revenue skyrocket from $25 million to $80 million in mere months. This meteoric rise has investors chomping at the bit to get a piece of the action.

Valuation Crescendo

If the deal goes through at $3 billion, it would triple ElevenLabs’ valuation from its Series B round in January.

Despite competition from tech giants like Google and OpenAI, ElevenLabs’ unique ability to clone human voices sets it apart in the booming AI voice market.

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