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Investors are scrambling to get into ElevenLabs, which could soon be valued at $3 billion

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Illustration of a person speaking and a computer process changing the words.

As TechCrunch has learned, ElevenLabs, a startup that creates AI tools for audio applications, is being approached by existing and latest investors a few latest round that could value the corporate at up to $3 billion.

The two-year-old company makes a speciality of creating AI tools to generate synthetic voices for audiobook narration and to dub videos in real time into other languages.

One source at an interested VC firm told TechCrunch that investors are trying to get into the fast-growing company and that their company is willing to offer a valuation of up to $3 billion, pondering which may be enough to advance to the subsequent round. The person said a deal was likely in the approaching weeks.

Investors from two other firms have confirmed that ElevenLabs is raising, but are withdrawing from the deal. One of those sources heard secondhand that the corporate’s annual recurring revenue (ARR) has increased from $25 million at the tip of last 12 months to about $80 million in recent months, making it certainly one of the fastest-growing startups developing real-world AI applications . (These investors requested anonymity for competitive reasons.)

If this data is accurate, it means investors could value ElevenLabs at around 38 times its latest ARR value. This multiple is barely lower than some enterprise-focused firms comparable to Hebbia and Glean.

The lower multiple may be due to the incontrovertible fact that a good portion of revenue comes from consumer use for narration and private video dubbing. Consumer revenues are often considered more volatile than revenues generated by corporate customers.

The round, if it leads to a $3 billion valuation, will triple ElevenLabs’ valuation from its January Series B co-led by Andreessen Horowitz, Nat Friedman and Daniel Gross.

This would be Eleven Labs’ third round in only over a 12 months, but TechCrunch could not learn the scale of the potential investment because talks with investors are still ongoing. Eleven Labs has already raised $100 million.

While Google’s Gemini and OpenAI have introduced their very own human voice models, neither offering allows you to clone other people’s speech like Eleven Labs. Other firms targeting the synthetic voice generation market include Murf, Tavus, Resemble AI, Respeecher and Lovo.

ElevenLabs didn’t respond to a request for comment.

This article was originally published on : techcrunch.com
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US medical device giant Artivion says hackers stole files during a cybersecurity incident

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Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.

In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.

Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”

Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.

This article was originally published on : techcrunch.com
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It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500

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Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.

The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.

The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.

More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)

Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.

The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.

Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.

In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.

Image credits:Raspberry Pi

This article was originally published on : techcrunch.com
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Apple Vision Pro may add support for PlayStation VR controllers

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Vision Pro headset

According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.

The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.

However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.

Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.

This article was originally published on : techcrunch.com
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