British AI startup ElevenLabs is in talks with investors to raise $18M in seed funding at a post-money valuation of $100M, sources informed Business Insider.

 

British AI startup ElevenLabs is in talks with investors to raise $18M in seed funding at a post-money valuation of $100M, sources informed Business Insider.  Andreessen Horowitz and former GitHub CEO Nat Friedman are reportedly leading the round.  ElevenLabs was established by former Palantir executive Mati Staniszewski and former Google executive Piotr Dabkowski.  Staniszewski and Dabkowski are the startup's CEO and CTO, respectively.  The platform is leveraging AI to develop a text-to-speech platform. Per Business Insider, several European investors tried to join the current investment but could not. The firm raised $2M in pre-seed funding led by Credo Ventures two months ago.  ElevenLabs is capitalizing on its revenue growth and the heightened investor interest in the generative AI sector to secure funding from investors.