ElevenLabs Hits Unicorn Status with Series B Funding

What's Happening: ElevenLabs, an AI voice technology startup, has secured $80 million in Series B funding, bringing its total funding to $101 million and valuing the company at over a billion dollars. The round was led by notable investors including Andreessen Horowitz.

Meaning: This funding milestone highlights ElevenLabs' rapid growth and its position as a frontrunner in the AI voice industry. Founded in 2022 by Piotr Dabkowski and Mati Staniszewski, the company has expanded its team significantly and is set to launch innovative products such as a Dubbing Studio, Voice Library Marketplace, and Mobile Reader App.

Importance: The company's success signals the increasing market interest and investment in voice cloning technologies. ElevenLabs' advancements in AI voice are poised to transform content consumption and creation across various media.

Broader Impact: ElevenLabs' development and expansion could revolutionize the media landscape, offering new opportunities for the tech industry, voice artists, and consumers alike. Their technology has the potential to change how we interact with digital content, making it more accessible and immersive.

AI Revolutionizes Chrome with New Features

What's Happening: Google's latest Chrome update, M121, introduces AI-powered enhancements, including a Tab Organizer, AI-generated themes, and an upcoming "Help me write" feature - aimed at boosting user engagement and productivity.

Meaning: These features transform Chrome's user experience: automatic tab sorting with smart groupings, personalized AI-generated themes for customization, and AI assistance for writing in any text box. Currently, these are experimental features limited to the US.

Importance: The update signifies Google's commitment to integrating AI into everyday tools, enhancing functionality and user experience. Although experimental and region-specific, these features indicate a shift towards more intelligent, user-centric browsing tools.

Broader Impact: Google's move to embed AI into Chrome could set new standards for web browsers, pushing competitors to also innovate with AI. It represents a broader trend of incorporating AI into software, potentially changing how users interact with the web and manage digital tasks.

• ElevenLabs Dubbing Studio gives you precise control when translating your video content for global audiences. ElevenLabs is able to detect and label each of your speakers, creating an editable script of your content. In the editor, you can update translations, change the timing, and regenerate the dialogue until the accent and tone are just right. This builds ElevenLabs existing dubbing feature which automates video localization across 29 languages.

Takeaway for Your Team: Have fun with ElevenLabs! The Malleable team has been enjoying leveraging it for marketing projects with clients.

Interested in use cases for your business? Connect with the Malleable team for a discovery call to get pointed in the right direction.

Sources: Ben's Bites, The AI Breakdown, AI Tool Report, and the Malleable team.