Funding Round Overview

ElevenLabs announced a Series B round on June 20, 2024 totaling $80,000,000 led by a16z. AI voice startup ElevenLabs raised $80 million Series B at $1.1 billion valuation. $80M Series B at $1.1B valuation.

Deal Highlights

• Capital involved: $80,000,000.
• Round: Series B.
• Investors: a16z, Nat Friedman, Daniel Gross.

Company and Sector Context

ElevenLabs builds in the generative ai sector, one of the most active areas in AI investment today. Based in United States, the company is part of a global wave of startups scaling AI into production across regulated and enterprise environments.

How the Capital Helps

Disclosed details include $80M Series B at $1.1B valuation. In generative ai, speed to market and access to high-quality talent often determine category leadership.

Competitive Landscape

Funding activity in generative ai continues to intensify as incumbents and startups race to ship reliable AI systems. This round signals ongoing investor confidence in differentiated technology and defensible distribution.

Looking Ahead

This funding positions ElevenLabs for continued growth in the generative ai landscape. As AI adoption accelerates across industries, deals like this signal where capital and strategic attention are moving next.