“In 10, 15 years, the vision here is that you can create a Hollywood film on your laptop without the need for anything else than your imagination,” Riparbelli told Reuters. Riparbelli declined to disclose revenue or the company’s valuation, but said Synthesia was growing “exponentially.” Riparbelli said Synthesia only creates avatars of people who have consented, he said. Accounting and consulting firm EY’s partners use their avatars for client communications and internal training. While there are concerns that such technology could be used for creating deep fakes, Victor Riparbelli, co-founder and CEO of Synthesia, said its avatars are mostly used for corporate videos. The funding will be used to accelerate the company’s growth and improve the technology, Synthesia said in a statement. Synthesia ai 50m series perkins software The startup leverages AI technology to create visual chatbots, product demonstrations, and sales videos for enterprise. That’s how Synthesia became the flower in the picture below (and that’s how we finally fixed our founding “mistake”).(Reuters) – Synthesia, a London-based artificial intelligence startup that creates video avatars of real people, said on Wednesday it raised $50 million from Silicon Valley venture capital firm Kleiner Perkins and GV, formerly known as Google Ventures, and other investors.Īn increasing number of startups are creating such synthetic media and as they become more lifelike, funding is following.įor the announcement of the funding, Synthesia created a video on its platform that incorporates the technology. □Īnd from that moment on, we switched the focus on being extremely focused on solving this problem.ĪI has simply become an enabler in our efforts to solve people's problems related to training video production. The language will be selected automatically based on the text, but you can. Within seconds, your script will be transformed into an AI voiceover. All you need to do is copy your video script and paste it into the script box slide by slide. Luckily for us, one customer application did stick: making quality instructional videos at scale. Another exciting step involving AI, this time using text-to-speech. Financial Times: How tech from London-based AI startup Synthesia, backed by Kleiner Perkins and GV, is being used to make deepfake news videos promoted by Venezuelas government. We knew that we wanted to do something with AI (I know, but this was 6 years ago) and got hooked on this AI video idea…Īnd then we just kept developing it, testing different applications and hoped that we’d find one that sticks. If you read any piece of startup advice, everyone always says: “Be passionate about one problem and don’t fall in love with your solution.” Synthesia started as a solution looking for a problem. We started the company in a way that you definitely shouldn’t. Synthesia raises $50M to leverage synthetic avatars for corporate training and more The round, which valued the company at 1 billion, was led by Accel with. Synthesia, a company leveraging AI to generate videos of avatars, today announced that it raised 50 million in a series B round, bringing its total raised to 66. > Ryan Peterson / Ben Braverman, co-founders of Ĭoverage from Venture, Forbes, Reuters et cetera below □ (Reuters) - Synthesia, a London-based artificial intelligence startup that creates video avatars of real people, said on Wednesday it raised 50 million from Silicon Valley venture capital firm. Synthesia, a London, UK-based provider of an AI video creation platform for enterprises, raised 90M in Series C funding. In April 2021, the company raised 12.5 million in Series A funding. > Des Traynor, co-founder of Intercom.io Synthesia raised 3.1 million in seed funding in 2019. Grateful to welcome Josh Coyne, Vidu Shanmugarajah + a bunch of A+ founders and CEOs to the team! So excited to double down on delivering the best AI video platform for our customers & enabling a future of video production without the need for cameras, studios and actors. This year we've seen the adoption of AI video skyrocket and our amazing customers have generated more than 6 million unique videos. Big milestone for us at Synthesia: We raised a $50m Series B led by Kleiner Perkins w/ follow-on from Google Ventures and some of the world's best founders and CEO's □□
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