ElevenLabs, a one-year-old AI startup focused on creating new text-to-speech and voice cloning tools, has raised $19 million in a Series A round co-led by Andreessen Horowitz (a16z), marking another milestone in the increasingly competitive field of generative AI voice synthesis. The company aims to revolutionize audio content creation through ultra-realistic text-to-speech models for education, audiobooks, gaming, movies, business, and
Investors continue to pour millions of dollars into the artificial intelligence (AI) space, and the trend shows no signs of slowing down. Two AI startups, Builder.ai and Anthropic, recently received a total of $700 million in funding in a single day. This marks another level of the AI craze that has been dominating the private markets since late last year.
For many years, businesses have relied on independent contractors to handle various tasks, often in an effort to cut labor costs. However, as the gig economy continues to grow and more workers are classified as independent contractors, questions arise over their rights and legal protections. The National Labor Relations Board (NLRB) has been at the forefront of this debate, working
The insurance industry has undergone significant transformation over the years. However, despite the advancements, consumers still face the problem of increased premium rates each year. In this regard, Rnwl, a UK-based startup, is looking to transform the insurance industry through an automated price comparison solution. Rnwl has launched a funding campaign to raise growth capital, and this article examines the
Artificial Intelligence (AI) is taking the world by storm. As the application of AI in various industries increases, investment in AI-focused companies is also on the rise. One of the ways companies are raising capital to fuel their growth is through Special Purpose Acquisition Companies (SPACs). In this article, we will discuss how several AI-focused companies have partnered with SPACs
Brand stretching is a common practice among companies seeking to extend their reach in the marketplace. The process of taking an established brand and introducing it into new markets or product categories can be a powerful tool for growth if done correctly. However, it can also be a risky endeavor if not approached strategically. In this article, we will explore
Comerica Bank has announced the launch of Comerica Small Business Convenient Capital, a fully digital lending platform developed to simplify and accelerate access to capital for small businesses throughout the United States. In collaboration with Amount, a digitally enabled lender and credit solutions provider, the platform is designed to cater to small business customers with loan needs up to $100,000.
DJUST, a Paris-based B2B eCommerce Software-as-a-Service (SaaS) platform, has successfully raised €12m in a Series A growth funding round. The funding round was led by New Enterprise Associates, Inc. (NEA), with additional support from Elaia Partners, which is an existing investor in DJUST. This funding round has offered a considerable financial boost to the company’s expansion plans. The €12m Series
In today’s data-driven world, businesses rely heavily on high-quality, accurate, and up-to-date data to make informed decisions in multiple aspects of their operations. With the increasing importance of customer-centered marketing, the pressure to maintain well-organized data has never been higher. The use of a Customer Data Platform (CDP) is becoming increasingly popular among businesses, particularly for startups. In this article,
Embedded finance has rapidly become one of the most talked-about areas of fintech innovation in recent years. Defined as the integration of financial services into non-financial products and services such as retail, mobility, or healthcare, embedded finance is fast becoming a growth opportunity for businesses of all sizes, particularly small and medium-sized enterprises (SMEs). The Growth Potential of the Embedded
Artificial intelligence (AI) is changing the world in ways that we never thought would be possible. The pace of progress in AI is accelerating at a rapid rate, and its potential benefits are vast. From Large Language Models (LLMs) like GPT-4 to Automated Speech Recognition (ASR) platforms like ASAPP, AI has proven to be a game-changer, and we are only
Matching businesses with the right partners is becoming increasingly difficult in today’s crowded market. Technology can help, but it can also be overwhelming. Finnovating, a Madrid-based startup, has developed its own Generative Pre-Trained Transformer called MatchGPT, to make B2B matchmaking simpler and more effective. Background on Finnovating and Its B2B Matching Platform Finnovating began as a B2B matching platform that
