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Evening Standard
Evening Standard
Business
Simon Hunt

London AI firm with 29-year-old founder achieves billion-dollar valuation after fresh funding round

London United States Artificial Intelligence Europe

An AI business founded by a 29-year old London tech entrepreneur is now worth more than $1 billion dollars after a fresh funding round in signs the capital is cementing its status as Europe’s foremost artificial intelligence hub.

ElevenLabs, which uses AI to generate voices use for video dubbing, has hit the unicorn milestone less than two years after its launch following a $80 million Series B funding round led by US venture capital firm Andreessen Horowitz.

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