Synthesia raises £71.5m in a Series C funding round led by Accel to accelerate artificial intelligence research.
The financing values the enterprise video platform at $1bn with backing from Accel and NVIDIA's NVentures.
Share allotment filed at Companies House
A London based startup that provides an AI video generation platform allowing users to create professional content from text using customizable avatars.
Synthesia has secured £71.5m in a Series C funding round led by Accel, valuing the business at $1bn. The capital injection includes participation from corporate investor NVentures alongside existing backers Kleiner Perkins, GV, and Firstmark Capital.
The enterprise video creation platform plans to direct the proceeds towards accelerating its internal artificial intelligence research and development efforts. This follows a period of rapid expansion characterised by significant user growth and the addition of major global organisations to its customer roster.
The company continues to advance its proprietary technology, collaborating with academic institutions such as University College London and the Technical University of Munich to push boundaries in synthetic media production.
From the founder
"We’ve made great strides towards our vision to make video easy for everyone, but there’s still a long way to go. I’m proud of our team for building Synthesia into a sustainable company that today delivers real business utility, not just novelty, for our thousands of customers,"
Victor Riparbelli
at Synthesia
Investor perspective
"From our first meeting, Synthesia stood out as one of the few generative AI companies combining a differentiated technology, an exceptional founding team, and a very strong ROI for its enterprise customers,"
Philippe Botteri
Partner, Accel
Use of funds
- 01Fund research and development
