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ElevenLabs, the hot AI audio startup, confirms $180M in Series C funding at a $3.3B valuation
In a major development, ElevenLabs, an innovative AI audio technology firm, has confirmed securing $180 million in its latest Series C funding round, valuing the company at a whopping $3.3 billion. This significant investment underscores the immense potential of the startup’s cutting-edge technology in the rapidly evolving landscape of AI-powered audio innovations.
As reported by Ivan Mehta and Ingrid Lunden, ElevenLabs has been making waves with its revolutionary AI audio capabilities, which have raised concerns regarding their potential misuse. The company has faced instances where its tech was used to spread misinformation or create deepfakes.
Despite these challenges, it seems that investors are betting big on the startup’s ability to navigate these issues and continue pushing the boundaries of what is possible in the realm of AI-powered audio.
Source: techcrunch.com
