ElevenLabs Raises $180 Million in Series C Funding to Expand AI-Driven Audio Solutions
On January 30, 2025, ElevenLabs, a leading provider of synthetic voice technology, announced the successful completion of a Series C funding round, raising $180 million. This brings the total capital raised by the company to $281 million since its launch in 2022. The funding round was co-led by A16Z and ICONIQ Growth, with participation from new investors like NEA, WiL, Valor, and Endeavor Catalyst Fund, among others.
With a post-money valuation of $3.3 billion, ElevenLabs plans to expand its audio tools and enhance business development initiatives. The company, known for its innovative AI audio solutions, aims to create more expressive audio AI models and integrate text-based systems with audio for enhanced multimodal interactions.
Investors have shown significant interest in ElevenLabs due to the explosion of generative AI technology and the company’s leading position in the synthetic voice sector. Major media, gaming publishers, and tech startups have leveraged ElevenLabs’ technology to enhance their voice and audio features, showcasing the company’s technological prowess and market relevance.
Strategic investors such as Deutsche Telekom, LG Technology Ventures, and NTT DOCOMO Ventures, who utilize ElevenLabs technology, are also backing the company. The addition of new board members, including ICONIQ partner Seth Pierrepont, reflects the growing interest and potential within the generative AI sector.
Despite challenges related to the misuse of its technology in misinformation campaigns, ElevenLabs remains committed to ensuring the safety and responsible use of its AI voice technology. The company has implemented strict policies and moderation processes to prevent unauthorized impersonation and malicious use of its platform.
With its innovative solutions and growing customer base, ElevenLabs is well-positioned for continued success in the competitive AI audio market, paving the way for responsible advancement in AI-driven audio technology.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
