ElevenLabs Latest AI Unicorn After $80M Raise

Voice AI startup raised an $80 million Series B at a unicorn valuation as investor interest in all AI tech remains at an all-time high.

The Brooklyn-based company did not release an exact valuation, but did say it had reached 鈥渦nicorn status.鈥�

That represents a significant up round from its Series A in June, when the firm raised $19 million at a $99 million post-money valuation.

The Series B was co-led by , and , and joined by , 1, , and .

ElevenLabs allows creators, enterprises and others to use AI software to replicate voices in dozens of languages. The company is set to launch a set of new products, including a dubbing studio and a voice library marketplace.

鈥淥ur ambition remains the same 鈥� to transform how we interact with content by breaking down language and communication barriers,鈥� said CEO in a release. 鈥淲e’re building cutting-edge technology to make content accessible across languages 鈥� and voices 鈥� to enable everyone to connect with information and stories that matter.鈥�

More money

Generative AI and AI-related startups raised nearly $50 billion in 2023, per SA国际传媒 , including eight rounds of $500 million or more and many other nine-figure deals.

While this year is not on that crazy pace, similar startups already have raised more than $1 billion in the first three weeks of this year 鈥� showing that even as the venture world slows down, the AI sector remains immune to any declines.

Founded in 2022, ElevenLabs has raised $101 million, .