"Voice is the highest-stakes channel for any customer interaction, and the bar for quality, latency, and security is extremely high. ElevenLabs is not just a category leader - it is becoming a foundational enabler of Deutsche Telekom's broader Industrial AI vision."
"From voice-as-a-service to multilingual automation and in-network AI agents, we believe the company is uniquely positioned to reshape how businesses interact with customers across all channels."
ElevenLabs announced new investors in its $500 million Series D funding round, including major institutions and individual investors. The company surpassed $500 million in annual recurring revenue, growing from nearly $350 million last year. ElevenLabs' valuation increased from $6.6 billion to $11 billion within months. The company signed enterprise contracts with notable firms and plans to allow retail investors to participate through Robinhood Ventures. CEO Mati Staniszewski emphasized the importance of trust in voice systems for consumer acceptance.
Read at TechCrunch
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