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About ElevenLabs
Industries
Consumer Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series C
Total Funding
$281M
Headquarters
New York City, New York
Founded
2022
Overview
Eleven Labs focuses on voice technology, providing a platform that generates long-format speech in various voices and languages. This technology is designed for content creators, publishers, and media production businesses, enabling them to create audiobooks, podcasts, and voiceovers with natural-sounding voices. Users can access the platform through a subscription model, allowing them to scale their usage based on their needs. Eleven Labs differentiates itself by continuously enhancing its AI algorithms and expanding its voice and language options, catering to the increasing demand for personalized audio experiences. The company's goal is to transform how long-format speech is produced, making it easier for creators to engage their audiences.
Simplify's Take
What believers are saying
- Expansion into Japan opens new markets and growth opportunities for ElevenLabs.
- Partnership with TBS enhances global reach through AI dubbing for media content.
- Rising demand for AI-driven localization aligns with ElevenLabs' mission for universal accessibility.
What critics are saying
- Increased competition from Groq and PlayAI threatens ElevenLabs' market share.
- Limited funding for British startups may impact ElevenLabs' expansion plans.
- Operational risks arise from managing the new Japanese subsidiary, ElevenLabs G.K.
What makes ElevenLabs unique
- ElevenLabs offers unique long-format speech generation in any voice and language.
- The platform enhances storytelling with natural, compelling voices for creators and publishers.
- ElevenLabs' subscription model allows scalable access to advanced voice technology features.
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Funding
Total Funding
$281M
Above
Industry Average
Funded Over
5 Rounds
Andreessen Horowitz
SV AngelBenefits
Remote Work Options
Flexible Work Hours
Professional Development Budget
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 3%2 year growth
↑ 15%Startups that build artificial intelligence (AI) applications on top of large language models (LLMs) are reportedly making rapid gains in both sales and funding. These startups are reaching as much as $200 million in annual recurring revenue in less than two years and, as a group, increased the amount of funding they attracted by 110% to reach $8.2 billion in 2024, the Financial Times (FT) reported Monday (April 14), citing data from Dealroom.co and Flashpoint. This category of AI startups includes companies like Perplexity, Synthesia, ElevenLabs, Harvey and Sierra, according to the report
ElevenLabs expands to Japan: AI voice tech revolution.
London AI creative studio Wonder secures $3 million in funding with participation from ElevenLabs and OpenAI leadership.
Today Eleven Labs Inc. launched ElevenLabs G.K., an international subsidiary based in Tokyo, Japan.
British startups are reportedly weighing a move to the U.S. as investment declines. Startups in the U.K. took in just £16.2 billion ($21.1 billion) last year, the Financial Times (FT) reported Sunday (April 13), citing data from Dealroom. That figure, the report said, is the lowest since 2020. At the same time, American tech startups raised more than £65 billion during 2024, a 71% increase over the prior year
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About ElevenLabs
Industries
Consumer Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series C
Total Funding
$281M
Headquarters
New York City, New York
Founded
2022
ElevenLabs is Hiring for 27 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to ElevenLabs