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ElevenLabs, a voice expertise analysis and audio AI software program firm, has raised $19 million in a Collection A spherical led by former GitHub CEO Nat Friedman, ex-Y Combinator associate Daniel Gross, and Andreessen Horowitz.
The spherical noticed additional participation from Credo Ventures and Idea Ventures. Distinguished angel buyers from the tech business additionally joined the spherical. They embody Instagram co-founder Mike Krieger, Oculus VR co-founder Brendan Iribe, Ubiquity6 co-founder Anjney Midha, Deepmind & Inflection co-founder Mustafa Suleyman, Runway co-founder Siqi Chen, Inkitt co-founder Ali Albazaz, Reface co-founder Dima Shvets, Perplexity AI co-founder Aravind Srinivas, Vercel founder Guillermo Rauch, O’Reilly Media founder Tim O’Reilly, Creator Ventures and SV Angel.
Following the funding spherical, Andreessen Horowitz will be part of the corporate’s board. ElevenLabs plans to make use of the funds to proceed constructing its analysis hub centered on Voice AI and launch new merchandise for particular market verticals, together with publishing, gaming, leisure, and conversational purposes.
Commenting on the fundraise, Mati Staniszewski, CEO and co-founder of ElevenLabs, stated:
“During the last 5 months, we’ve seen our expertise embraced by thousands and thousands of creators, corporations, and curious minds. We’re proper in the beginning of this journey and now with Nat, Daniel, and Andreessen Horowitz becoming a member of, we’ve the very best companions as we proceed on the formidable path ahead.”
Since its beta launch in January, ElevenLabs has amassed over 1 million registered customers throughout artistic, leisure and publishing areas, enabling impartial authors to create audiobooks, builders to voice characters in video video games, and help the visually impaired to entry on-line written content material.
ElevenLabs has additionally partnered with one of many largest audiobook publishers Storytel, world content material creator platform TheSoul Publishing, sport builders such Embark Studios and Paradox Interactive, and the artistic media platform MNTN.
Alongside the funding announcement, the corporate has additionally launched two new generative voice AI instruments as a part of its suite of merchandise. The primary to be unveiled is Tasks, a manufacturing workflow for modifying and creating dynamic, long-form spoken content material. Now out there for early entry, Tasks will give publishers and impartial authors the power to generate complete dialogue segments, information articles, and even audiobooks on the platform.
There’s additionally the newly launched AI Speech Classifier, a singular product that enables customers to add audio samples and detect whether or not they include AI-generated audio from the ElevenLabs. This device is the primary of its form in generative audio and is now accessible to the general public and chosen companions by means of an API.
“Our mission is to be the last word device for storytelling, dissolving language obstacles and placing all audiences within the attain of all content material creators in a secure and accountable approach,” Staniszewski provides.
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