ElevenLabs garners $180m funding [Yahoo! Finance]
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Source: Yahoo! Finance
Verdict · ElevenLabs. GlobalData Fri, January 31, 2025 at 1:58 PM GMT+1 2 min read ElevenLabs has secured $180m in its Series C funding round to accelerate the development of its AI audio platform. The latest funding round was co-led by a16z and ICONIQ Growth, with additional support from new investors including NEA, World Innovation Lab, Valor, Endeavor Catalyst Fund, and Lunate. Existing investors such as Sequoia Capital, Salesforce Ventures, Smash Capital, and others also increased their backing. Strategic partners like NTT DOCOMO Ventures, Deutsche Telekom, LG Technology Ventures, HubSpot Ventures, and RingCentral Ventures also supported the round. The latest funding round values the company at $3.3bn, nearly three times its valuation from last year, when it raised $80m at a valuation of over $1bn. The Series C funding round brings ElevenLabs' total funding to $281m since its founding in 2022. The company intends to use the funding to support its ongoing m
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