ElevenLabs said on Thursday it has raised $180 million in a new funding round that triples the voice cloning artificial intelligence startup's valuation to $3.3 billion.

ElevenLabs, a startup that uses artificial intelligence software to replicate voices, has raised $180 million in a new round of funding that values the company at $3.3 billion, tripling what it was worth a year earlier.

ElevenLabs, one of the more popular startups working in the field AI audio, said Thursday that it has raised a Series C round of $180 million, valuing the company at $3.3 billion post-money. a16z and ICONIQ Growth are co-leading investment.