London and New York-based AI voice startup ElevenLabs has raised $19 million in an early-stage funding round, led by venture capitalist firm Andreessen Horowitz. It also involved ex-GitHub CEO Nat Friedman and entrepreneur Daniel Gross. The funds will be used to develop the startup’s long-form video content offerings and delivery platform Projects. The funded company was launched in 2022 and uses AI to create a convincing text-to-speech voiceover and uses this to clone existing voices. Cofounder and CEO Mati Staniszewski believes that the platform has a huge market in the publishing and audio books sectors, and has already had more than one million users since launching the beta platform in January 2023.
ElevenLabs Raises $19 Million from Andreessen Horowitz and GitHub’s Former CEO for Hot AI Startup
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