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ElevenLabs lists BlackRock, Jamie Foxx, and Eva Longoria as new investors

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Summary

ElevenLabs, a prominent voice AI company, has successfully secured new investments in its $500 million Series D funding round, attracting notable investors such as BlackRock, as well as celebrities Jamie Foxx and Eva Longoria. This influx of capital comes on the heels of the company's impressive growth, which has seen its annual recurring revenue exceed $500 million. Furthermore, ElevenLabs' valuation has skyrocketed from $6.6 billion to $11 billion in just a few months, underscoring the increasing demand and potential for voice AI technologies in various sectors.

Takeaways

  1. ElevenLabs has attracted significant investment from both institutional and celebrity investors.
  2. The company's valuation has nearly doubled in a short period, indicating strong market confidence.
  3. Voice AI technology is experiencing rapid growth and adoption across industries.

Why it matters

The surge in investment and valuation for ElevenLabs highlights the growing importance of voice AI technologies in the market, suggesting a shift in how businesses and consumers interact with technology. This trend could lead to more innovative applications and services powered by voice AI.

Read as

PMs

Product managers should take note of the increasing investment in voice AI, as it may signal new opportunities for product development and enhancements in user experience through voice interfaces.

Developers

For developers, the growth of ElevenLabs indicates a rising demand for voice AI solutions, presenting opportunities to work on cutting-edge technologies and contribute to the evolution of voice-driven applications.

Students & job seekers

Students and job-seekers should consider the expanding field of voice AI as a potential career path, as companies like ElevenLabs are leading the way in innovation and are likely to create new job opportunities in this space.

Covered sources

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