Key Points
- ElevenLabs raised $180 million in Series C funding, boosting its valuation to $3.3 billion. Since its founding in 2021, ElevenLabs has secured $281 million.
- The funding round was co-led by Andreessen Horowitz and Iconiq Growth, with participation from multiple new investors.
- The company expanded its AI voice offerings, adding speech generation, voice design, sound effects, and dubbing in 32 languages.
- ElevenLabs has partnered with major publishers and gaming studios to integrate AI voice technology.
ElevenLabs has raised $180 million in a Series C funding round, tripling its valuation to $3.3 billion. The funding round was co-led by Andreessen Horowitz and Iconiq Growth, with participation from new investors NEA, World Innovation Lab, Valor, Endeavor Catalyst Fund, and Lunate. Existing investors, including Sequoia Capital, Salesforce Ventures, Smash Capital, SV Angel, NFDG, and BroadLight Capital, also increased their commitments.
The surge in investor interest reflects the growing excitement around generative AI, fueled by the success of OpenAI’s ChatGPT. ElevenLabs, based in London, specializes in AI-generated voices that feature diverse languages, accents, and emotional expressions. Since its founding in 2021, the company has secured $281 million in funding.
Co-founded by Piotr Dabkowski, formerly at Google, and Mati Staniszewski, who worked at Palantir Technologies, ElevenLabs aims to advance research into more expressive and controllable voice AI. CEO Mati Staniszewski highlighted that the latest investment moves the company closer to enabling seamless digital voice interactions that feel as natural as human conversation.
In 2024, ElevenLabs expanded its product lineup by adding advanced speech generation, voice design, AI-powered dubbing, and sound effects across 32 languages. The company has partnered with major publishers such as The New Yorker, The Washington Post, and The Atlantic and gaming studios like Paradox and Cloud Imperium Games.
With the fresh capital, ElevenLabs plans to enhance its AI voice capabilities, develop new products, and expand its offerings for developers and businesses. The company’s growth trajectory places it among the leading players in AI-driven voice technology, positioning it for further innovation in the rapidly evolving generative AI space.