My favorite Voice Cloning Startup just got more Funding

London-based ElevenLabs secures €17.3 million Series A

Hey Everyone,

I won’t be posting as much during the summer months, because a lot of folk are simply with family, on holiday, traveling and in digital detox mode. I’ll still be posting, just not my usual frantic pace.

Eleven Labs is one of my favorite voice cloning tools, here’s how simple it is to use:

Referrals on this Newsletter unlock free paid complementary subscriptions. Thanks for sharing!

I’ve been tracking A.I. startups in their Venture Capital funding very closely since the Generative A.I. I find this one just has an “it” factor that’s hard to explain vs. its competitors.

The participants of the funding round also really interested me. Voice cloning will quickly become mainstream and change how we interact with A.I. assistants in the future.

On June 20th, 2023 the startup announced the closure of a $19 million Series A round co-led by entrepreneurs Nat Friedman and Daniel Gross alongside Andreessen Horowitz (better known as a16z). Nearly exactly four years ago a16z did a Series A with this platform, Substack.

Other participants included heavyweights Creator Ventures, SV Angel, Instagram co-founder Mike Krieger, Oculus co-founder Brendan Iribe, Deepmind and Inflection AI co-founder Mustafa Suleyman and O’Reilly Media founder Tim O’Reilly.

A lot of Generative A.I. startups just won’t make it, since there won’t be mainstream demand for their services. ElevenLabs is not one of those.