Eleven Labs Raises $19 million Fund, Launches New Generative AI Products
Eleven Labs, the generative AI company leading the way for audio and voice generation products has got more fuel for its mission to make its content universally accessible. The research company has raised $19 million in a series A fund led by Nat Friedman, Daniel Gross, and Andreessen Horowitz. Other notable investors include Credo Ventures, Concept Ventures, as well as a group of strategic angel investors, including Mike Krieger, co-founder of Instagram; Brendan Iribe, co-founder of Oculus VR; Anjney Midha, co-founder of Ubiquity6; Mustafa Suleyman, co-founder of Deepmind & Inflection; Siqi Chen, co-founder of Runway; Ali Albazaz, co-founder of Inkitt; Dima Shvets, co-founder of Reface; Aravind Srinivas, co-founder of Perplexity AI; Guillermo Rauch, founder of Vercel; Tim O’Reilly, founder of O’Reilly Media; as well as Creator Ventures, SV Angel, Embark Studios, Storytel, and TheSoul Publishing. We're thrilled to open a new chapter at ElevenLabs!Today we’re announcing new voice AI products & our $19m Series A round led by @natfriedman @danielgross & @a16z. Listen & read more: https://t.co/8LHtqvdCQt— ElevenLabs (@elevenlabsio) June 20, 2023 The company has also announced a new set of products called Projects. Currently available in early access, Projects hosts a production workflow for creating dynamic long-form spoken content, along with an editing suite. This will give creators and authors a huge control over AI-generated audio content without needing to leave the platform at all. Projects joins the ElevenLabs product lineup with other notable offerings such as Speech Synthesis and VoiceLab. Speech Synthesis utilizes pre-existing synthetic voices, while VoiceLab facilitates the creation of distinctive voices or digital renditions of existing ones. Additionally, ElevenLabs has made available Eleven Multilingual, a speech synthesis model capable of supporting various major European languages. Moreover, ElevenLabs is also introducing AI Speech Classifier, allowing users to upload an audio sample and determine if it contains AI-generated audio from ElevenLabs. This innovative tool is the pioneer in the field of generative audio and is now accessible to the general public and a few chosen partners through an API. By launching the AI Speech Classifier, ElevenLabs demonstrates its dedication to transparency and plays a vital role in establishing a secure environment for generative media. Mati Staniszewski, the co-founder of Eleven Labs, said, “Our mission is to be the ultimate tool for storytelling, dissolving language barriers and putting all audiences in the reach of all content creators in a safe and responsible way. With an incredible, growing team and these exceptional investors, ElevenLabs is now ever closer to realizing its long-term goal of making all content universally accessible in any language and in any voice.” Launched in Beta in January, Eleven Labs has already attracted 1 million users for creative, entertainment, and publishing spaces. The company says that over 10 years worth of audio content has been generated using its services.
ElevenLabs is also introducing AI Speech Classifier, allowing users to upload an audio sample and determine if it contains AI-generated audio from ElevenLabs.
The research company has raised $19 million in a series A fund led by Nat Friedman, Daniel Gross, and Andreessen Horowitz.
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Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.