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ElevenLabs , a startup that makes AI tools for audio applications , is being approached by existing and new investors about a novel daily round , which could value the party as extremely as $ 3 billion , TechCrunch has con .
The two - year - sometime companionship narrow in get AI shaft to return synthetic voices for audiobook narrations , and for real - time video dubbing into other languages .
One reservoir at an interested VC firm recount TechCrunch that investors are shinny to get into the fast - grow ship’s company , and that their house is uncoerced to offer up to a $ 3 billion evaluation , thinking that ’s what it might take to get into the next round . This mortal said a mess is probable in add up weeks .
Investors from two other firm confirmed that ElevenLabs is conjure up , but are pass off on the business deal . One of these author heard secondhand that the party ’s annualized repeat revenue ( ARR ) has grown from $ 25 million at the end of last year to roughly $ 80 million in late months , form it one of the quickest - get startups explicate actual applications for AI . ( These investors asked for anonymity for competitive reason . )
If exact , that revenue chassis means that investors could value ElevenLabs at around 38 time the most late ARR figure . That multiple is slightly lower than some go-ahead - center companies such asHebbia and Glean .
The lower multiple may be because a square portion of its revenue comes from consumer usage for yarn and personal TV dubbing . Consumer tax revenue is often considered more explosive than gross generated from corporate clients .
The round , if completed at a $ 3 billion rating , wouldtriple ElevenLabs ’ valuationfrom its Series B in January , which was co - led by Andreessen Horowitz , Nat Friedman , and Daniel Gross .
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This would be Eleven Labs ’ third round in a small over a class , but TechCrunch could n’t learn the size of the potential investment , as the discussion with investors are still ongoing . Eleven Labs has already raised $ 100 million .
While Google ’s Gemini andOpenAI have introducedtheir own human spokesperson models , neither companionship ’s offer can clone the speech of other humans like Eleven Labs . Other companies that are targeting the synthetic voice generation grocery includeMurf , Tavus , Resemble AI , RespeecherandLovo .
ElevenLabs did n’t respond to a request for comment .
