Investors Eager for a Slice of the Audio AI Pie
ElevenLabs, an AI Powerhouse, Set for a $3 Billion Valuation!
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Excitement is in the air as ElevenLabs, a two-year-old startup specializing in AI for audio, is expected to reach a valuation of $3 billion. Known for creating synthetic voice tools for audiobooks and live video dubbing, the company is attracting eager investors, with annual recurring revenue skyrocketing from $25 million to $80 million. With big names like Google struggling to compete, ElevenLabs stands out in the booming synthetic voice generation market.
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