AI Startup Synthesia Secures $180M, Reaches $2.1B Valuation
The London-based company, now the UK's largest generative AI media firm, plans to enhance its video platform and expand globally.
- Synthesia raised $180 million in a Series D funding round led by NEA, doubling its valuation to $2.1 billion since its last funding in 2023.
- The company specializes in AI-generated videos and avatars for businesses, with tools for multilingual content, corporate training, and marketing videos.
- Synthesia serves over 60,000 businesses globally, including 60% of Fortune 100 companies, with more than half of its revenue coming from the U.S.
- The funding will support product development, including more lifelike avatars and AI-powered video tools, and expand operations in Asia-Pacific, North America, and Australia.
- Synthesia emphasizes security and compliance, addressing concerns around AI misuse, and is positioned as a leader in the UK's AI landscape.