Overview
- Synthesia’s new funding was reported at $200 million led by GV, lifting the London startup’s valuation to about $4 billion.
- Both Synthesia and GV declined to comment on the deal, which was detailed by outlets citing unnamed sources.
- The company, which converts text and training materials into videos with lifelike avatars, counts DuPont, Xerox and Spirit among customers.
- Synthesia last raised $180 million at a $2.1 billion valuation in January and said in April it surpassed $100 million in annualized revenue.
- Competition includes Adobe and HeyGen, with Adobe reportedly exploring a $3 billion acquisition earlier this year that did not result in a deal.