ElevenLabs, a startup specializing in AI voice replication technology, has successfully raised $180 million in a recent funding round, boosting its valuation to $3.3 billion.
This funding round, announced on January 30, 2025, was co-led by prominent investors Andreessen Horowitz and Iconiq Growth, with additional participation from NEA and Sequoia Capital.
With this latest round, ElevenLabs has now secured a total of $280 million in funding since its inception in 2022.
The company provides a platform that enables users to generate voices in multiple languages, offering services such as virtual customer support agents and AI-hosted podcasts.
However, the rapid rise of ElevenLabs has sparked concerns regarding the potential misuse of its technology, particularly in creating deceptive deepfakes that could mislead consumers and voters.
In response to these growing concerns, ElevenLabs has increased its staff dedicated to moderation and policy efforts to address the ethical implications of its technology.
The newly acquired funds will be allocated towards enhancing AI safety measures and expanding product offerings, including research into more expressive and controllable voice AI.
