Colossyan Raises $22M to Expand AI-Powered Corporate Training Video Production Platform

Colossyan Inc., a generative artificial intelligence video-based corporate training startup, today announced it has closed a $22 million funding round.

The investment was led by Lakestar, with participation from Launchub, the lead investor in the company's $5 million seed round closed a year ago. Existing investors Day One Capital and Emerge Education also participated in today's round.

Colossyan is the creator of a generative AI-powered platform designed to simplify video creation, primarily with training purposes in mind. The video creation process involves inputting a script, choosing from a range of avatars or creating your own, and then clicking a button to generate real-world footage – all without the need for traditional filming resources like video cameras, studios, or actors.

Additionally, Colossian said it can produce videos in more than 70 different languages, saving customers up to 80% on both cost and production time.

Korossian said that while its AI video production platform is primarily used to create corporate training materials, its use cases go beyond that, as it is also used for advertising, sales activities, and corporate PR. In terms of corporate training, the startup said that companies can quickly create videos for tasks such as employee training and compliance education. The company said that its videos can also educate sales teams, helping them achieve their goals faster.

Following today's funding round, Colossyan plans to use a portion of the funds to achieve milestones on its product roadmap, including new features to increase engagement and learning outcomes, such as video branching, knowledge checks, and greater control over AI avatars.

Colossyan founder and CEO Dominik Kovacs (pictured) attributes the company's success to date to insights it has received from leaders in corporate training and sales enablement. “Their valuable feedback has led to unique features of our product that differentiate us from our competitors,” says Kovacs. “This includes our superior scenario-based training support, enhanced learning management system integration and best-in-class automated translation.”

Today's funding comes after a remarkable year for the company, which saw it secure deals with big companies including British telecommunications giant Vodafone Group, German carmaker Porsche AG and film studio Paramount Global, and saw its privately-held revenue grow by more than 600%.

Another satisfied customer is hotel operator Sonesta International Hotels Corp., whose director of learning and development, Christine Broadhead, says Colossian videos have transformed the company's corporate training process. “The ease and cost savings of updating content has been incredible,” she says.

Akis Vlatsos, a partner at Lakestar, said he decided to invest in Colossian because its platform's rapid execution, customer-centric approach and cutting-edge technology set it apart from competitors' platforms. “This winning combination has delivered significant returns on investment for a wide range of clients, from multinational corporations to individual creators,” Vlatsos said.

In addition to building out new product capabilities, Colossyan is also actively hiring, expanding its teams across its Budapest, London, and New York offices with plans to triple its headcount.

Photo: Colossian