ElevenLabs Gets More Money to Grow AI Voices

Introduction

ElevenLabs got 500 million dollars from many investors. The company is growing fast and is now worth more money.

Main Body

Many big companies and famous people gave money to ElevenLabs. These include NVIDIA and Salesforce. Some actors also gave money. The CEO says more people can invest soon through Robinhood. The company makes a lot of money. Last year, they made 350 million dollars. Now, they make more than 500 million dollars. The company is now worth 11 billion dollars. ElevenLabs bought a research team from Poland. This team helps the AI voices sound like real people. Now, big companies like Revolut and Klarna use this technology to talk to customers in many languages.

Conclusion

ElevenLabs is growing its money and its technology to lead the AI voice market.

Learning

💸 Money Words

In this text, we see how to talk about money in a simple way.

The Pattern: [Number] + [Currency/Value]

  • 500 million dollars
  • 11 billion dollars

Important Action Words:

  • Got/Gave →\rightarrow Use these for moving money. (They got money from investors).
  • Worth →\rightarrow Use this to say the total value. (The company is worth 11 billion).
  • Make →\rightarrow In business, 'make' doesn't just mean 'create'; it means 'earn'. (They make 500 million dollars).

🌍 Connecting People & Places

Notice how the text connects a group to a location:

A research team →\rightarrow from Poland

To describe where someone or something comes from at an A2 level, always use: [Person/Group] + from + [Country/City].

Vocabulary Learning

investors (n.)
People who give money to a company or project.
Example:The investors gave money to start the new project.
company (n.)
A business that sells goods or services.
Example:The company sells software to many customers.
growing (v.)
Becoming larger or more important over time.
Example:The company is growing quickly.
fast (adv.)
Moving or happening quickly.
Example:He ran fast to catch the bus.
worth (adj.)
Having a value or importance.
Example:The book is worth a lot of money.
money (n.)
Coins and bills used to buy things.
Example:She has a lot of money in her savings account.
big (adj.)
Large in size or importance.
Example:They live in a big house on the hill.
gave (v.)
Provided or handed over to someone.
Example:He gave a gift to his friend.
invest (v.)
Put money into something to make more.
Example:You can invest in stocks to grow your savings.
through (prep.)
From one side to the other side of something.
Example:She walked through the park to get to school.
research (n.)
The study of facts to learn new information.
Example:Research helps scientists find new medicines.
technology (n.)
Tools and machines made by people to solve problems.
Example:Technology makes life easier for everyone.