Investors are scrambling to get into ElevenLabs, which may soon be valued at $3 billion
Reading Time: < 1 minutesThe two-year-old company specializes in making AI tools to generate synthetic voices for audiobook narrations, and for real-time video dubbing into other languages.
Investors from two other firms confirmed that ElevenLabs is raising, but are passing on the deal. One of these sources heard secondhand that the company’s annualized recurring revenue (ARR) has grown from $25 million at the end of last year to roughly $80 million in recent months, making it one of the fastest-growing startups developing actual applications for AI. (These investors asked for anonymity for competitive reasons.)
If accurate, that revenue figure means that investors could value ElevenLabs at around 38 times the most recent ARR figure. That multiple is slightly lower than some enterprise-focused companies such as Hebbia and Glean.
The lower multiple may be because a substantial portion of its revenue comes from consumer usage for narration and personal video dubbing. Consumer revenue is often considered more volatile than revenue generated from corporate clients.
The round, if completed at a $3 billion valuation, would triple ElevenLabs’ valuation from its Series B in January, which was co-led by Andreessen Horowitz, Nat Friedman, and Daniel Gross.
While Google’s Gemini and OpenAI have introduced their own human voice models, neither company’s offerings can clone the speech of other humans like Eleven Labs. Other companies that are targeting the synthetic voice generation market include Murf, Tavus, Resemble AI, Respeecher and Lovo.
ElevenLabs didn’t respond to a request for comment.
Ref: techcrunch
MediaDownloader.net -> Free Online Video Downloader, Download Any Video From YouTube, VK, Vimeo, Twitter, Twitch, Tumblr, Tiktok, Telegram, TED, Streamable, Soundcloud, Snapchat, Share, Rumble, Reddit, PuhuTV, Pinterest, Periscope, Ok.ru, MxTakatak, Mixcloud, Mashable, LinkedIn, Likee, Kwai, Izlesene, Instagram, Imgur, IMDB, Ifunny, Gaana, Flickr, Febspot, Facebook, ESPN, Douyin, Dailymotion, Buzzfeed, BluTV, Blogger, Bitchute, Bilibili, Bandcamp, Akıllı, 9GAG