[Funding alert] London-based ElevenLabs Secures €73 Million in Series B Round Funding

ElevenLabs hopes to solidify its position as the world leader in speech AI research and commercial implementation with this Series B investment.

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The funds will be used to support the responsible and moral growth of AI technology by furthering research, building out infrastructure, creating new products for targeted vertical markets, and improving safety protocols.

With its capacity to generate and customise AI voices in a wide range of languages and dialects and convey a diverse spectrum of emotions and intonations, ElevenLabs has led the industry in natural speech synthesis.

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The company will use this cash to further improve its product offering and make sure AI technology is used safely.

Mati Staniszewski, CEO and co-founder of ElevenLabs, commented: “Our ambition remains the same – to transform how we interact with content by breaking down language and communication barriers. We’re building cutting-edge technology to make content accessible across languages – and voices – to enable everyone to connect with information and stories that matter. Our progress so far is a testament to our dedicated team and investors, and while it’s still only the beginning of our journey, together we’re helping shape the future of accessibility and communication.”

About ElevenLabs

The goal of voice AI research and deployment firm ElevenLabs is to enable universal content accessibility in any language and speech. ElevenLabs produces AI audio that is incredibly realistic, adaptable, and contextually aware. It can produce speech in hundreds of languages and voices, both new and old.

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