AI Startup ElevenLabs Raises Funds at Over $3 Billion Valuation

ElevenLabs, a startup that uses artificial intelligence software to replicate voices, has raised $180 million in a new round of funding that values the company at $3.3 billion, tripling what it was worth a year earlier.

The round, announced on Thursday, was co-led by Andreessen Horowitz and Iconiq Growth, with participation from new and existing investors, including NEA and Sequoia Capital. ElevenLabs has raised a total of $280 million in funding to date.

In the two-plus years since ChatGPT kicked off a frenzy around generative AI, a growing number of startups have attracted investor interest by using artificial ...