The investors have poured $180 million into the Polish startup’s development, bringing its value to $3.3 billion. This is an impressive result for a company that reached unicorn status in January 2024, meaning it became a start-up valued at $1bn or more. ElevenLabs works on AI-based synthesised speech solutions and is one of the most important AI players in the world. 

The ElevenLabs company founded by Mati Staniszewski and Piotr Dąbkowski is rapidly developing its advanced tool for generating speech almost similar to human voice. The start-up has gained enormous media coverage and interest among users and investors.

Now the company’s valuation stands at $3.3 billion in its latest funding round. Recently the startup gained another 180 million US dollars for development. Funding for the further development of ElevenLabs comes from both venture capital funds and strategic investors associated with the new technology industry.

The ElevenLabs tool’s precision in audio engineering and the use of state-of-the-art AI algorithms make it more and more attractive in different sectors, from media and audiobooks to gaming and voice assistants.

Experts claim that such rapid development means that ElevenLabs is becoming one of the most important players in the AI sector, and will attract even more investment in the future. 

Source: PAP, Wprost

Photo: @kawecki_maciej

Tomasz Modrzejewski