Activate picks stake in ElevenLabs in first global growth-stage AI bet

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.