Synthesia prepares a new funding round valuing the company at £3bn with backing from Jensen Huang.
The upcoming raise follows the company's decision to decline a multibillion pound acquisition offer from Adobe.
A London based startup that provides an AI video generation platform allowing users to create professional content from text using customizable avatars.
London based Synthesia is preparing to secure a new funding round valuing the enterprise at approximately £3bn following its rejection of an acquisition offer from Adobe. The upcoming raise reportedly counts NVIDIA executive Jensen Huang among its backers.
Established in 2017, the firm developed an AI platform that converts written scripts into videos featuring customisable avatars speaking over 120 languages. The technology caters to corporate demand for multilingual training and marketing materials.
The incoming capital will fund international expansion into the United States and Asia alongside ongoing research into interactive avatar capabilities.
Use of funds
- 01Expand into international markets
- 02Fund research and development
