ElevenLabs has raised a new round at $3B+ valuation led by ICONIQ Growth, sources say

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TechCrunch 6d ago

ElevenLabs has raised a new round at $3B+ valuation led by ICONIQ Growth, sources say - TechCrunch

Quick Summary:

Companies that want to build AI voice into their products are rushing to work with ElevenLabs, the startup that develops synthetic voice technology like voice cloning and dubbing tools.

Now ElevenLabs is turning up the volume on its business with a huge Series C raise, just a year after a sizable Series B.

In October, sources told us that ElevenLabs’ annualized recurring revenue (ARR; this is commonly calculated by multiplying the latest monthly revenue by 12) had grown from $25 million in 2023 to $80 million.