ElevenLabs, a startup specializing in AI voice synthesis, completed an $80 million Series B funding round in January 2024, valuing the company at over $1 billion. Known for being one of the most powerful tools in the field of voice cloning, the company was founded by former Google engineers and ex-Palantir strategy analysts. The funding was led by several renowned institutions, and ElevenLabs plans to launch an AI dubbing service for movies and a marketplace where users can sell AI-generated voice replicas.