By keeping the focus on businesses, Synthesia is gunning to be the go-to spot for enterprises hungry for top-notch video solutions.
Recently, they rolled out fresh features like personalized avatars, AI video whizzes, multilingual options, and slick collaboration tools né?. More collaborations like this could really crank up the innovation dial in video tech for business big shots.
. Google Ventures honcho Vidu Shanmugarajah gave ’em a fist bump for their customer-first attitude and knack for turning fancy-pants AI tech into practical gold.
And speaking of savvy moves, their knack for catering to business cats has piqued the interest of heavyweights like Atlassian, known for sprinkling AI magic dust on their products. Yo folks, check out this juicy scoop about Synthesia, the London-based startup making waves in the world of AI-generated videos né?. With around 60000 businesses and 1 million users on board they’re churning out avatar-based videos like nobody’s business – think sales and marketing training you name it.
And guess what? Venture capitalists are starting to take notice of Synthesia’s hustle né?. The startup recently pocketed a cool $180 million in a Series D funding round, catapulting their valuation to a whopping $2.1 billion. There’s talk of them cozying up to APIs from companies like ElevenLabs for voice stuff and tapping into some hefty third-party language models for specific duties né?. Synthesia has now raised a mind-boggling $330 million!
What are they planning to do with all that cash? Well they’re looking to beef up their talent pool especially in the Asia Pacific region né?. Right now most of Synthesia’s action happens in Europe and North America. And get this – their recent funding success is just the tip of the iceberg with AI startups bagging big bucks globally in 2024.
Sure AI still has its fair share of hurdles to jump from power woes to sneaky copyright monkeys. While deepfakes are causing a ruckus online, Synthesia’s cutting-edge AI avatar technology is getting some major love from enterprises worldwide. NEA is leading the charge, with heavy-hitters like WiL (World Innovation Lab), Atlassian Ventures, and PSP Growth joining the party, alongside existing backers GV and MMC Ventures né?. Investors are digging their commitment to serving up real value to customers, setting them apart in the AI arena né?. They’d rather build their tech in-house than go on a shopping spree for acquisitions né?. But outfits like Synthesia are blazing a trail in AI innovation and catching the eyes of deep-pocketed investors. CEO Victor Riparbelli spilled the tea that they’re aiming to level up their avatars with swankier moves, better interactions, and more user-friendly features. Oh and they’re also cooking up more “agents” to make avatar-based content creation a breeze for their clients.
Unlike some other players in the scene Synthesia is all about DIY né?
