A London-based AI startup that launched earlier this year has already reached a $100 million valuation in fresh signs investors are pouring in cash to snap up shares in the nascent technology.
ElevenLabs, which uses artificial intelligence to generate audio for dubbing videos into different languages, has no office and up until recently had fewer than ten employees. But it has already achieved a $19 million funding round backed by the likes of VC giant Andreessen Horowitz and DeepMind co-founder Mustafa Suleyman, valuing it at around $99 million.
