Story
DXC Technology Shares Climb on ElevenLabs AI Partnership and Investment
Summary
Shares of the IT services firm rose 4.5% after it announced a strategic partnership to integrate voice AI from ElevenLabs and participated in the startup's $500 million Series D funding round.
Shares of DXC Technology Co. (NYSE:DXC) rose 4.5% on Tuesday following the announcement of a strategic partnership with and investment in voice AI startup ElevenLabs. The collaboration is set to integrate ElevenLabs' advanced voice technology across DXC's enterprise solutions and internal operations.
Partnership and Investment Details
DXC confirmed it participated in ElevenLabs' $500 million Series D funding round, which, according to the announcement, valued the AI company at approximately $11 billion. The deal is a key component of DXC's ongoing AI-focused transformation strategy.
Under the agreement, DXC will embed voice AI capabilities into its global enterprise environment. The company stated the goal is to enhance employee productivity and customer engagement. The two firms also plan to pursue joint go-to-market initiatives.
Strategic Implementation
According to the announcement, the integration of ElevenLabs' technology will extend across several core areas of DXC's business:
- Service desk operations
- Customer service platforms with multilingual voice interfaces
- Industry-specific solutions
- Application modernization platforms
Ad"Voice is becoming a primary interface for how enterprises engage with customers and employees," said Raul Fernandez, President and CEO at DXC. "Our partnership with ElevenLabs allows DXC to move faster in embedding AI into everything we do—from internal operations to the solutions we deliver for clients."
Ben Budde, Revenue Leader at ElevenLabs, added that partnering with DXC allows the AI firm to bring its technology "into mission-critical workflows across complex enterprise environments."
Market Context
Investors responded positively to the strategic move, which positions DXC to capitalize on the growing enterprise demand for advanced AI capabilities. The investment and integration plan signal a commitment to enhancing its service offerings for large-scale clients.
DXC also noted it will expand its work with ElevenLabs through LabX, its AI-native product incubator, with plans to co-develop new solutions as part of its broader AI strategy.
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