ElevenLabs’ AI voice technology secures $80 million in funding for expansion

ElevenLabs, a generative AI voice startup, has raised $80 million in a Series B funding round, bringing its total funding to $101 million. According to ElevenLabs, its voice AI is used by 41 percent of Fortune 500 companies. The new funding will be used to accelerate the development and expansion of the company, which already has partnerships with the likes of D-ID, Storytel, and Paradox Interactive. Along with the funding news, the company announced new products, including enhanced controls for its Dubbing Studio, which now offers more options for creating and editing transcripts, as well as translations and timecodes for audio. The Mobile Reader application, currently in testing, converts text or website links into audio. People can offer their voices through the Voice Library marketplace and get paid for their use.

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