The funding will be used to triple Colossyan's headcount across its New York, London, and Budapest offices, and to develop new features like branching videos and knowledge checks. Despite competition in the GenAI video space, CEO Dominik Mate Kovacs believes Colossyan's focus on interactivity and engagement will continue to set the platform apart.
Key takeaways:
- Colossyan, a company that uses AI to create engaging workplace training videos, was founded by Dominik Mate Kovacs in 2020.
- Users can input a script and select from a range of avatars to create a video, and the platform's text-to-speech engine can translate the script into over 70 languages.
- Despite competition in the GenAI video space, Colossyan has attracted several big-name clients, including Novartis, Porsche, Vodafone, HPE and Paramount.
- Colossyan recently raised $22 million in a funding round and plans to use the funds to triple its headcount and develop new features for its platform.