The new capital will be used to enhance Synthesia's existing product suite and expand its video publishing platform. The company also plans to develop AI agents to assist in video production and expand its presence in Japan, North America, and Australia. CEO Victor Riparbelli highlighted Synthesia's success in building a global platform out of the UK, distinguishing it from other European AI companies. The heightened interest in AI startups has contributed to Synthesia's growth and valuation, making it the UK's largest generative AI startup by valuation, according to Dealroom.
Key takeaways:
- Synthesia has secured $180 million in Series D funding led by NEA, valuing the company at $2.1 billion.
- The London-based startup uses AI to create videos and avatars for businesses, serving a global client base including companies like Zoom and UiPath.
- The funding round included participation from existing investors like Google Ventures and new backers such as WiL, Atlassian Ventures, and PSP Growth, bringing total funding to $330 million.
- Synthesia plans to use the funds to enhance its product suite, build out its video publishing platform, and expand its geographic footprint in Japan, North America, and Australia.