ElredoVoice

Based in Czech Republic, ElredoVoice, operates as a platform that helps publishers produce, localize, and distribute audiobooks at scale, utilizing AI technology to reduce production time and costs. Based in Prague, Czech Republic and founded in 2023, Elredo s. r. o.

, d. b. a. ElredoVoice, specializes in AI-driven audiobook production and distribution.

The company has raised a total of EUR 1. 000 mn in funding, including a recent grant of EUR 0. 200 mn from CzechInvest. ElredoVoice has completed three unique deals, with the latest funding round being a grant.

ElredoVoice specializes in AI-powered audiobook production and global distribution, primarily aimed at publishers. The company transforms entire eBook catalogs into audio format, addressing inefficiencies in traditional audiobook production. By leveraging artificial intelligence, ElredoVoice enables faster and more cost-effective audiobook production, allowing publishers to expand their catalogs across multiple languages and reach broader audiences. The service is designed for a diverse clientele, including major publishing houses and independent publishers, with a focus on various markets including English, Spanish, German, French, Czech, and Slovak.

The company offers a fully managed workflow from project intake to production and distribution across over 160 retail platforms. ElredoVoice operates on a B2B model, providing services to publishers and strategic partners. Revenue is generated through partnerships with stakeholders who benefit from full audiobook production services, including AI narration and translation into multiple languages. Clients engage with ElredoVoice on a project basis, selecting titles from their catalog for conversion into audiobooks.

The revenue structure includes contracts that outline specific production costs based on content length and complexity, facilitating a streamlined approach for clients to maximize their catalog's reach while minimizing costs. The company plans to continue expanding its services and partnerships within the publishing industry. Current initiatives include enhancing its AI capabilities to further streamline audiobook production and exploring new markets for distribution.