ElevenLabs

Global leader in generative audio artificial intelligence sector

ABOUT THE PROJECT

ElevenLabs is a research company developing audio AI. The company creates AI that listens, understands and responds like a human. ElevenLabs offers tools that make voice a natural way to interact with technology. Its mission is to make it possible for anyone to enjoy digital content in their own language and in any voice. In January 2024, the company reached unicorn status, with a valuation of more than $1 billion – and just a year later, the company’s value tripled to $3.3 billion.

WHAT NEEDS DOES THE INNOVATION ADDRESS?

ElevenLabs’ technology is being used to record audiobooks and articles, animate game characters, support film pre-production, localize multimedia in entertainment, create dynamic audio content for advertising and social media, and train medical personnel, among other applications. It restores voice to those who have lost it and supports people with disabilities in their daily lives. ElevenLabs’ platform and APIs are used by employees of more than 60% of Fortune 500 companies, and their ElevenLabs models have translated more than 1 million hours of audio, read aloud 1 million hours of text from e-books, PDFs and news articles using the ElevenReader app, and created more than 10 million sound effects. In total, more than 1,000 years of audio have been generated through ElevenLabs.

COMPETITIVE ADVANTAGES

The ability to generate natural-sounding voices and sounds in 32 languages makes it possible to reach audiences around the world, overcome language barriers and open up new markets. It also reduces the time it takes to create audio content. Scalable solutions allow rapid deployment of generated voices. Personalization and natural intonation enhance the user experience.

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