ElevenLabs Secures $19M Funding from a16z and Other Major Investors for Voice Cloning AI Startup

Today, ElevenLabs, a voice cloning AI startup, announced that it has secured $19 million funding from a16z and other major investors.

ElevenLabs is a voice cloning AI startup based in Paris, France. It is revolutionizing the way we use AI technology to create virtual avatars. This technology has numerous applications, from providing enhanced customer service to helping developers create interactive video games.

The $19 million funding round was led by a16z, with additional investments coming from Dawn Capital, LocalGlobe, and Partech. This injection of capital allows ElevenLabs to further develop their technology and expand their engineering and commercial teams.

According to Vincent Wallard, founder and CEO of ElevenLabs, “At ElevenLabs we’re focused on making natural, lifelike avatars accessible to everyone. We’ve developed a powerful voice cloning and avatar technology platform to make this vision a reality. We’re delighted to have the support of a16z, Dawn Capital, LocalGlobe and Partech to help us accelerate our vision into the future.”

The funding will be used to accelerate ElevenLabs’ growth, and to further extend the application potential of its technology. Paired with current and emerging advancements in AI, ElevenLabs aims to advance their Avatar technology and further support access to advanced features into previously inaccessible areas.

ElevenLabs is founded on a mission to empower people to express themselves authentically, and to bring voice cloning technology to a wider audience. With this investment, ElevenLabs will have the capacity to widen access, drive adoption, and inspire innovation.

Investors from the funding round have been quoted saying, “We’re excited to support ElevenLabs on their mission to bring their Avatar technology to the masses…This technology has the potential to dramatically improve how we interact with the world around us”.

This is an exciting moment for ElevenLabs as this funding enables them to unlock their full potential and bring their Avatar technology to a wider audience. A16z is optimistic that this kind of technology will have a huge influence on the user experience, driving innovation across applications and marketplaces.