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    ElevenLabs plans to invest hundreds of millions of dollars in India

    A post citing Reuters says the planned spending covers local teams, model development and Indian-language work.

    Rohan PaulRP
    2 Sources, 37m ago, first seen 37m ago

    TLDR

    ElevenLabs co-founder Mati Staniszewski told Reuters the AI voice company plans to invest hundreds of millions of dollars in India. A post citing Reuters says the spending covers local teams, model development and Indian-language work. The post also says India is already ElevenLabs' second-largest enterprise market and that the company wants to exceed $100 million in Indian revenue while hiring 100 people there.

    Combined views

    1.6K

    2 Sources, first seen 37m ago

    Combined views

    1.6K

    2 Sources, first seen 37m ago

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    3 comments
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    3 comments
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    2 Sources

    Rohan Paul@rohanpaul_aiReuters: ElevenLabs plans to spend "hundreds of millions of dollars" in India on local teams, model development and Indian-language work That pledge is large against the roughly $781M the company has raised in total, because its $22B valuation came from a secondary share sale that added no new capital. India is already ElevenLabs' second-largest enterprise market, and the company wants to pass $100M in Indian revenue while hiring 100 people there.37m

    2 Sources

    Rohan Paul@rohanpaul_aiReuters: ElevenLabs plans to spend "hundreds of millions of dollars" in India on local teams, model development and Indian-language work That pledge is large against the roughly $781M the company has raised in total, because its $22B valuation came from a secondary share sale that added no new capital. India is already ElevenLabs' second-largest enterprise market, and the company wants to pass $100M in Indian revenue while hiring 100 people there.37m
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