Voice cloning AI start-up ElevenLabs raises $80mn, joins unicorn club

Voice AI start-up ElevenLabs has secured $80 million in Series B funding, led by venture capitalist Andreessen Horowitz and entrepreneurs Nat Friedman and Daniel Gross, with Sequoia Capital and others joining in. This funding round has catapulted the London-based company to unicorn status with a valuation of $1.1 billion. If a start-up is worth over $1 billion, it is termed as a unicorn. ElevenLabs specializes in tools that generate AI voices in various languages, accents, and emotions.