Synopsis
Venture capital firm Activate has made its first global growth-stage AI investment in ElevenLabs. This New York-based voice AI company considers India a key market. Activate will partner with ElevenLabs in India to strengthen enterprise relationships and offer early-stage Indian startups access to its voice infrastructure. ElevenLabs is experiencing rapid growth, with India being its second-largest market globally.Listen to this article in summarized format
Activate declined to disclose the size of the investment, its first bet on a global growth-stage AI company since the $75-million AI-focused fund was launched last year.
As part of the arrangement, Activate will act as ElevenLabs’ on-the-ground venture partner in India, helping the company deepen its enterprise relationships and giving early-stage Indian startups preferential access to build on its voice infrastructure.
