ElevenLabs Receives $19 Million Investment

ElevenLabs announced that it has received an investment of 19 Million dollars. ElevenLabs' $19 million Series A investment round was led by former GitHub CEO Nat Friedman, former AI Head of Y Combinator Daniel Gross and Andreessen Horowitz. Other investors also participated in the round. These investors included 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. Storytel, one of the world's largest audiobook publishers, and content creation platform TheSoul Publishing are also supporting ElevenLabs.

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ElevenLabs

ElevenLabs' technology uses synthetic voices, cloned voices or entirely new voices that can be tailored to gender, age and accent preferences. The ability of these voices to turn text into speech has attracted a lot of interest from indie authors and various creative industries creating audiobooks. It is also gaining traction with developers giving voice to characters in video games, supporting access to online written content for the visually impaired, and supporting Super Hi-Fi, the world's first AI radio channel.