Eleven Labs: The Future of Voice TechnologyJul 23, 2023
Imagine a world where you can generate high-quality spoken audio in any voice, style, and language with just a few clicks. That's the world ElevenLabs is creating with its groundbreaking AI voice cloning technology. In this blog post, we'll dive deep into the story of ElevenLabs, exploring its history, team, the problem it's solving, and the business opportunity it presents.
What is ElevenLabs?
ElevenLabs is an AI voice technology startup that uses deep learning models for speech synthesis, converting text to speech in any voice and emotion. The company's primary focus is on developing natural-sounding speech synthesis and text-to-speech software. With its browser-based, AI-assisted text-to-speech software, ElevenLabs can produce lifelike speech by synthesizing vocal emotion and intonation.
ElevenLabs was co-founded in 2022 by Piotr Dabkowski, an ex-Google machine learning engineer, and Mati Staniszewski, an ex-Palantir deployment strategist. The company publicly released its beta platform in January 2023. The dynamic duo behind ElevenLabs, Piotr Dabkowski and Mati Staniszewski, met in Poland and later moved to the UK. Piotr graduated from Oxford & Cambridge, while Mati studied Mathematics in London. Together, they bring their expertise in research, coding, and deploying products at scale to ElevenLabs.
Problem They Are Solving
The problem ElevenLabs aims to solve is the lack of access to high-quality, natural-sounding speech synthesis. By harnessing the power of AI and deep learning, ElevenLabs brings storytelling to life like never before, empowering creators and publishers to expand their audience through engaging audio content.
ElevenLabs has already attracted over 1 million registered users across the creative, entertainment, and publishing industries. The company's rapid growth in revenue and the hype surrounding AI startups have led to significant investor interest. In April 2023, ElevenLabs raised a $2M pre-seed funding led by Credo, and in June 2023, it raised a $19M Series A round led by Andreessen Horowitz, GitHub founder Nat Friedman, and Daniel Gross, a former machine learning director at Apple.
ElevenLabs sits at the forefront of the latest innovation stack in AI voice technology. Its deep learning model, versatility, and fidelity to human speech make it stand out from other AI speech software on the market[. The company is continuously improving its system, working on adding features such as the ability to add pauses and change the speed of the generated voiceovers.
To date, ElevenLabs has raised a total of $21M in funding, including the $2M pre-seed round and the $19M Series A round.
With the funds raised, ElevenLabs plans to hire machine learning specialists to improve the company's audio technology, as well as software engineers and product designers to expand the company's enterprise offering across publishing, gaming, and entertainment.
ElevenLabs is revolutionising the world of voice technology with its cutting-edge AI voice cloning capabilities. As the company continues to grow and innovate, the possibilities for creators and publishers are endless.
Stay tuned for more on Eleven Labs.