
ElevenLabs just hit $6.6B, but its CEO says the real money isn't in voice anymore
Published on Dec 10
1433
0:000:00
ElevenLabs has made a name for itself building realistic AI voices.
What started as two Polish engineers annoyed by terrible movie dubbing has grown into a profitable company now valued at $6.6 billion, doubling its valuation from just nine months ago. The company recently announced a $100 million tender offer led by Sequoia and ICONIQ, with participation from a16z and others, as its tech powers everything from Fortnite characters to customer service bots and goes toe-to-toe with OpenAI to become the default voice of AI.
Today on TechCrunch's Equity podcast, we’re bringing you a conversation with CEO Mati Staniszewski from this year's Disrupt, where he made a surprising admission: he thinks voice models will be commoditized in just a couple of years. So what's ElevenLabs' plan when everyone else catches up?
Listen to the full episode to hear about:
Why ElevenLabs is pivoting from just voice models to building a conversational AI agent platform
How the co...