AI Voice Imitation Startup ElevenLabs Raises $80M at $1.1B Valuation, Aims to Address Deepfake Concerns
• ElevenLabs, an AI voice imitation startup, has raised $80M in a Series B round led by Andreessen Horowitz, valuing it at $1.1B • The round saw ElevenLabs' valuation skyrocket 10x since its last raise to $100M in May 2022 • ElevenLabs creates highly realistic AI-powered voice clones and translations for media and content creation • The technology has raised concerns around deepfakes and AI voice fraud • Part of the new funds will go towards improving safety and ethical use of ElevenLabs' voice AI technology