Exclusive: Companies that want to build AI voice into their products are rushing to work with ElevenLabs, the startup that develops synthetic voice technology like voice cloning and dubbing tools. Now ElevenLabs is turning up the volume on its business with a huge series C raise, just a year after a sizable series B. The New York startup has closed a Series C of $250 million at a valuation of between $3 billion and $3.3 billion, multiple sources tell TechCrunch. The round is being led by ICONIQ Growth, several people said. Andreessen Horowitz, one of the lead investors in the company’s $80 million Series B in January, 2024, was another name mentioned as a potential investor in this round. ElevenLabs, ICONIQ Growth and Andreessen Horowitz did not respond to our request for comment. For months, investors have been scrambling to invest in ElevenLabs after a blockbuster period of growth for the company, with its AI audio technology getting used everywhere, TechCrunch was the first to report in October. Read more on ElevenLabs at the link in the bio 👆 Article by Ingrid Lunden and Marina Temkin Image Credits: Edward Olive / Canva #TechCrunch #technews #artificialintelligence #startup #venturecapital #founder