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Key FactsElevenLabs Raises $18M to Advance AI Voice Tech
Jan 23, 2023 · Reading time: ~45 sec.
Summary created with AI assistance · Source: businessinsider.com
  • ElevenLabs, founded by ex-Google and Palantir engineers, created a platform producing context-aware, realistic text-to-speech voiceovers.

  • Following viral misuse mimicking celebrities, the startup secured a $2 million pre-seed round in January 2023.

  • The company is patenting technology that captures human intonation for extended speech, serving creators and publishers.

  • The upcoming $18 million raise will fund further research into voice cloning and automated multilingual dubbing capabilities.
  • What we figured out in that research space is to understand the text, so we are able to produce something that wasn't possible before.
    — Mati Staniszewski, ElevenLabs CEO, describing the research breakthrough to Insider in January after the pre-seed round