The grant, consisting of 33,000,000 usage units (approximately 680 hours of AIgenerated audio content) on ElevenLabs’ systems, will accelerate the development of features for creating immersive, multilingual, and accessible educational content, strengthening LIVRESQ’s role as a reference platform for AI-driven EdTech innovation.
“Receiving this grant from ElevenLabs will allow us to integrate state-of-the-art AI voice technology directly into LIVRESQ, bringing added appeal, quality, and efficiency to the educational content created by our users. By integrating modern AI tools into national ecosystems, we are contributing to the construction of an intelligent, scalable, and sustainable educational infrastructure capable of supporting the digital transformation of the entire education system,” said Alex Malureanu, Co-founder & CMO of Ascendia.
ASC shares have traded 170% higher so far in 2025, amid deals worth RON7 million on the AeRO market.
The company reported revenues of RON11.6 million in the first half of 2025, up nearly 180% against the year-earlier period, and net profit of RON5.4 million, compared to loss of RON200,000 reported in the first half of 2024.
Ascendia has a market capitalization of nearly RON100 million and is 54.5%-owned by Cosmin Malureanu, followed by Alex Malureanu, with a 19.8% stake.