Pocket FM's content engagement between AI-generated and human voice-overs is comparable, with engagement levels for AI-generated content being "as good as human voice-over production," according to Pocket FM's co-founder and CTO Prateek Dixit4.
Pocket FM raised $103 million in its Series D funding round. The round was led by Lightspeed Ventures with participation from StepStone Group. This brings the company's total funding to date to $196.5 million.
The primary function of Pocket FM's partnership with ElevenLabs is to convert text content into audio series using AI, making it easier for writers to transform their writings into audio series15. This partnership aims to help Pocket FM triple its content library of over 100,000 hours of audio content this year and cut the cost of producing audio by 90%.