Eleven Labs Provides the Best Speech Synthesis

Two Poles have created the world’s best text to voice technology. Based on it, they intend to make a range of products to help transform the company into a unicorn.

Mateusz Staniszewski and Piotr Dąbkowski founded Eleven Labs in January 2022. Its solution allows you to generate a synthetic voice based on text or voice cloning based on a supplied sound sample. Because it will revolutionize the entertainment sector, from the audiobook industry to film and gaming, investors quickly invested $2M. And after 2 years – as much as $80M.

– We can build the world’s best company dealing with the development of voice technologies using artificial intelligence. Our goal is that in the future all content can be accessed with the highest sound quality. In any language and voice – said Mateusz Staniszewski.

– For many years, we met every six months, implementing various technological projects, mainly for fun and intellectual training. Eventually, we began to think about the technology that could analyze speech for sentiment and emotion. Then, the idea from which Eleven Labs hatched was born – said Piotr Dąbkowski.

Text to voice: history of success

There were several favorable circumstances for this. Firstly, Dąbkowski has been conducting research in the field of machine learning for several years. Secondly, the space for AI development has recently changed so much that it is no longer reserved only for large companies. Third, they quickly understood where their technology could be used, e.g., by dubbing English-language films. It turned out that while the work on creating synthetic text or video is already quite advanced, the voice area is still at a very early stage of development. They quickly identified the components available for testing and how to prototype such a solution. They tried by first collecting an extensive dataset and then training the algorithms. So that they learn the translation of the text into not only voice but also the context of the analyzed content.

First investors

The effects were shocking. In January 2022, they established a company. Six months later they found first investors. The British fund Concept Ventures, the Czech Credo Ventures, and several groups of business angels invested in their company $2M. In their opinion, the company has created the world’s best “text to voice” technology. It allows you to generate long-format audio statements based on text. Thanks to it, it will be possible to watch films with Tom Hanks speaking Polish. Or listen to audiobooks read in English by Polish actors. Every online content creator can publish their materials in any language.

Rapid development

In January 2023, the company unveiled its first product, which attracted more than 1 million users to its platform in just two months. In January 2024, it raised $80 million in funding from the Andreessen Horowitz Fund and entrepreneurs Nat Friedman and Daniel Gross, with participation from Sequoia Capital and SV Angel. As a result, within two years, Eleven Labs became a unicorn with a valuation exceeding $1 billion. Within a year, Eleven Labs’ users generated audio content with a lifespan of more than 100 years. The organization has grown from 5 to 40 people, and its technology is used by employees of 41% of Fortune 500 companies. Its main goal is to change how people interact with content by breaking down language and communication barriers.

Initially, the company focused on providing a solution for independent authors operating in Polish and English. It was primarily for authors of books and newsletters. Then, they entered the media industry, enabling news outlets to broadcast their content in audio form.

They also plan to create an automatic dubbing solution, taking on emotionally subdued documentaries first. However, they would like the first Hollywood production to use their solution as early as 2024. If they build a set of products to solve voice problems, they can become a billion-dollar independent business. If not, their startup could be acquired by Google, Amazon or OpenAI because of the technology.

——————————–

TOP-3

  1. DeepL Translator is a powerful next-generation online translation tool based on neural networks. The service supports 26 languages (as of May 2022).
  2. Eleven Labs, the world’s best technology for speech synthesis.
  3. Tomasz Czajka, Flight Software Engineer at SpaceX. He was a member of the team that was the first from Poland to win the 2003 ICPC finals.

TOP-3 on the Polish site (links lead to the English version)

  1. Booksy is the world’s most popular app for booking appointments at hairdressers and beauty salons.
  2. Vasco Translator V4 is a translation device that works online in 150+ countries, speaks 75 languages, and translates captions from photos from 108 in 0.5 sec.
  3. TOP-10 Polish companies in the gamedev sector 2023. The leader is CD Projekt, ahead of Techland and PlayWay.

IOI 2023: 3rd place for Poland

Poland hadn't had such a good result as in IOI 2023 since 2010 when Adrian Jaskolka took 3rd place! Poland won 1 gold, 1 silver and 2 bronze medals this time. The Chinese took...

CEOI 2023: 4 medals for Poland

In CEOI 2023 Poland won 2 gold medals, 1 silver, and 1 bronze – exactly as many as in CEOI 2022. CEOI (the Central European Olympiad in Informatics) for high school students has been...

EGOI 2023: 4 Medals for Girls from Poland

All Polish girls won medals in the 3rd European Girls' Olympiad in Informatics (EGOI 2023). 186 female participants from 52 countries participated in the competition. Poland shared first place with Ukraine (2 gold medals,...

Polish Blik wants to conquer Europe with mobile payments

It is Poland's most popular mobile payment method, which few people know is of Polish manufacture. Its owner is PSP company – a conglomerate of 6 Polish banks backed by Mastercard. Now it is...

Widmo Spectral Technologies: The Underground Georadar Revolution

Spectral GPR is an innovative device similar in operation to Google Street View. However, it operates underground, bringing with it enormous potential for applications. It all started with a "golden train" that disappeared 80 years...

Jakub Dwernicki from Poland has businesses worth $0.7 billion (cyber_Folks and Vercom) but hopes for more

Jakub Dwernicki from Poland owns two billion-dollar listed companies. They are cyber_Folks (with a valuation of $0.3 billion) and Vercom ($0.4 billion). They have 350,000 customers and 50 acquisitions to their credit. The former...
We use cookies to personalise content and to analyse our traffic. We also share information about your use of our site with our analytics partners. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

PoLAND of IT masters: Information Hub

Privacy Policy

Address of our website is: hub.landofitmasters.pl

What data do we collect?

Our Company collects the following data:
  • A unique ID is used to generate statistical data on how the visitor uses the website.
  • Determining the preferred language of the visitor and setting the language accordingly on the website, if possible.
  • Used by Google Analytics to collect data on the number of times a user has visited the website as well as dates for the first and most recent visit.
  • Cookie used by Google Analytics to throttle request rate
How do we collect your data?
Our website collects the data about your preferred language with the use of a built-in widget and statistical data with the use of third-party provider Google Analytics.

How will we use your data?

Our Company collects your data so that we can improve the page's content and performance in future development.

What are your data protection rights?

Our Company would like to make sure you are fully aware of all of your data protection rights. Every user is entitled to the following: The right to access – You have the right to request Our Company for copies of your personal data. We may charge you a small fee for this service. The right to rectification – You have the right to request that Our Company correct any information you believe is inaccurate. You also have the right to request Our Company to complete the information you believe is incomplete. The right to erasure – You have the right to request that Our Company erase your personal data, under certain conditions. The right to restrict processing – You have the right to request that Our Company restrict the processing of your personal data, under certain conditions. The right to object to processing – You have the right to object to Our Company’s processing of your personal data, under certain conditions. The right to data portability – You have the right to request that Our Company transfer the data that we have collected to another organization, or directly to you, under certain conditions. If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us. You can find our detailed contact information in the footer of this website or by following the contact link in the main menu.

Cookies

Cookies are text files placed on your computer to collect standard Internet log information and visitor behavior information. When you visit our websites, we may collect information from you automatically through cookies or similar technology For further information, visit allaboutcookies.org.

How do we use cookies?

Our Company uses cookies in a range of ways to improve your experience on our website, including:
  • Understanding how you use our website
  • Collecting information about your preferred language

What types of cookies do we use?

There are a number of different types of cookies, however, our website uses:
  • Functionality – Our Company uses these cookies so that we recognize you on our website and remember your previously selected preferences. These could include what language you prefer and location you are in. A mix of first-party and third-party cookies are used.

How to manage cookies

You can set your browser not to accept cookies, and the above website tells you how to remove cookies from your browser. However, in a few cases, some of our website features may not function as a result.

Privacy policies of other websites

The PoLAND of IT masters: Information hub website contains links to other websites. Our privacy policy applies only to our website, so if you click on a link to another website, you should read their privacy policy.

Changes to our privacy policy

Our Company keeps its privacy policy under regular review and places any updates on this web page. This privacy policy was last updated on 21 November 2021. If you make a request, we have one month to respond to you. You can find our detailed and up-to-date contact information in the footer of this website or by following the contact link in the main menu.  
Save settings
Cookies settings