media tech investment
Synthesia, an AI video creation platform for enterprises, has raised £71m in Series C funding to become the UK’s newest unicorn.
London company – 15th in our ranking mediatek 50 This year’s ranking – aims to make video production simple and intuitive, without the need for a camera or studio. An avatar created on the platform is shown in the main image above.
The round, which the company is valued at $1 billion, was led by Accel with investment from NVVentures, the venture capital arm of NVIDIA, with existing investors Kleiner Perkins, GV, Firstmark Capital and Alex. Wang, Olivier Pomel and Amjadmasad are also present.
With a 456% year-over-year user growth rate and over 12 million videos generated on its platform to date, the company has consistently delivered triple-digit growth while serving over 50,000 businesses worldwide. has promoted
Synthesia co-founder and CEO Victor Riparbelli said:
“I am proud of our team for building Synthesia into a sustainable company that delivers real business utility, not just novelty, to thousands of customers.
“Although we weren’t actively looking for new investments, Accel and NVIDIA have transformed traditional video production into digital workflows, enabling creators to bring their ideas to life, from training videos to Hollywood movies, all with just their Synthesia account. We share a vision to make
“We are delighted to have them on board as we accelerate our AI research efforts.”
MediaTech 50 – UK’s Most Innovative Media Technology Creators of 2023
Synthesia’s platform aims to make it easy for any enterprise user, from HR managers to marketers, to create high-quality educational videos featuring stock or custom AI avatars. Clients report production time savings of up to 95%, equivalent to thousands of dollars in cost savings and increased engagement from employees and customers.
The company also announced the addition of Tiffany & Co., IHG, Moody’s Analytics and United Nations agencies to its customer base, which already includes 35% of Fortune 100 companies.
“From our first meeting, Synthesia stood out as one of the few generative AI companies with a combination of differentiated technology, a great founding team, and a very strong ROI for our enterprise customers,” said Partner at Accel. Philippe Bottelli said.
“By dramatically reducing video costs and production time, Synthesia is pioneering a new range of use cases for corporate training, marketing, and communication videos.The company’s research team is constantly pushing the boundaries of AI video generation. As we expand, we couldn’t be more excited to invest in this company.”
Since its founding in 2017, Synthesia has built its core technology in-house to solve some of the toughest challenges in AI. The R&D team collaborates with his TUM (Technical University of Munich) and UCL (University of London) behind several AI breakthroughs.
“The transformative power of generative AI is delivering new capabilities to a wide range of industries,” said Mohamed Siddeek, head of NVentures at NVIDIA. “Synthesia is making groundbreaking efforts to bring these tools into enterprise video production, helping us realize a future where anyone can create studio-grade video without the physical barriers of cameras and microphones. I have.”
Synthesia is a founding partner of the Responsible Practices of Synthetic Media AI Partnership (PAI), the first industry-wide framework for the ethical and responsible development, creation and sharing of synthetic media.
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