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Who's Raising: Big rounds for SaaS innovators ElevenLabs, Clay, Render, Music.ai, and Bolt

Published

Jan 26, 2025

TopicLatest
Credit: clay.com

TL;DR

  • ElevenLabs, Clay, Bolt.new, Music.ai, and Render raise huge rounds on the back of strong performance and raw feature innovation.
Author

Paddle News Desk

2025 is off to a strong start for AI-forward SaaS startups, with several innovative companies securing major funding rounds to fuel their growth and reshape most industries. Here's a look at who we're most inspired by...

ElevenLabs voice AI: New York-based synthetic voice startup ElevenLabs has secured $250 million in Series C funding at around a $3 billion valuation. Founded in 2022, the company spans industries like publishing, gaming, and media, offering voice cloning, dubbing, and text-to-speech services. ElevenLabs has shown significant growth, with its annualized recurring revenue rising from $25 million in 2023 to an estimated $90 million in 2024, according to TechCrunch reporting.

Clay sales and growth suite: ZoomInfo and Apollo.io competitor Clay raised $40 million in Series B funding at a $1.25 billion valuation, driven by 6x revenue growth in 2024. The company helps small businesses as well as large SMEs like OpenAI and Canva streamline growth processes through 100+ data integrations and AI agents for contact discovery, enrichment, and outreach, addressing common challenges in data access and execution for GTM teams.

Bolt.new: Web development software startup StackBlitz Inc. is finalizing an $83.5 million funding round at a $700 million valuation led by Emergence Capital and GV, according to Bloomberg. The company's AI tool, Bolt.new, launched in October, has gained quick traction with nearly 1 million monthly users and "tens of millions" in annual recurring revenue. StackBlitz is drawing comparisons to the growth trajectories of Zoom and Salesforce for its quick growth and potential for market dominance.

Music.ai keys in on massive B2B opportunity: The company announced a $40 million in Series A funding with participation from investors like Steve Aoki and 3LAU. The company, known for its app Moises, which has over 50 million users and was named Apple’s iPad App of the Year in 2024, aims to expand its AI-driven music production tools for B2B, with a focus on ethical, artist-friendly AI.

Cloud democratization: Cloud infrastructure startup Render has raised $80 million in Series C funding, bringing its total funding to $157 million. Render supports over 2 million developers and aims to simplify cloud infrastructure for AI-era applications by balancing flexibility and ease of use. New features like Object Storage and AI infrastructure tools are positioning the company to help businesses innovate faster and manage complex AI workloads more efficiently.