Synthesia, a global leader in AI-powered video communications, has raised $180 million in a Series D funding round. This milestone, led by NEA with participation from both new and existing investors, pushes Synthesia’s valuation to $2.1 billion, making it the most valuable generative AI media company in the UK and a worldwide market leader in enterprise AI video solutions.
What $180 Million in Funding Means for Synthesia’s Future
- Investors: The Series D funding round included WiL, Atlassian Ventures, PSP Growth, GV, MMC Ventures, and FirstMark.
- Total Capital Raised: Synthesia has now raised over $330 million since its founding in 2017.
- Strategic Goals: The investment will fuel product innovation, talent acquisition, and expansion into North America, Europe, Japan, and Australia.
Victor Riparbelli, CEO and co-founder, shared his vision:
"This investment enables us to advance a new generation of interactive, real-time, and personalized AI-powered video experiences. Our platform empowers over 60,000 customers, including 60% of Fortune 100 companies, to engage with audiences efficiently and effectively."
AI Clone of the CEO: Showcasing Cutting-Edge Technology
For the announcement, the company used its own AI platform to create an AI-generated summary of the funding announcement featuring an AI clone of CEO Victor Riparbelli. The AI clone delivered the announcement in multiple languages and voices, perfectly mimicking the CEO’s expressions, mannerisms, and lip movements. This demonstration underscores Synthesia’s ability to deliver engaging, localized content at scale.
AI Innovations Powering Enterprise Communications
The company is rolling out Synthesia 2.0, a next-generation enterprise AI video platform designed to transform video creation and distribution. Its recent innovations include:
- Personal Avatars: AI avatars that speak over 30 languages, created in minutes using a phone or laptop camera.
- AI Screen Recorder: A Chrome extension that records screens and creates professional videos in minutes.
- AI Video Assistant: Converts documents or web pages into videos with feature-rich templates.
- Multilingual Video Player: A responsive player supporting multiple translations, chapters, and captions.
- Video Localization: Offers one-click translations and AI-enhanced dubbing for perfect lip-sync.
- Live Collaboration: Enables real-time teamwork on video projects.
Global Expansion and Leadership
With offices in London, New York, Copenhagen, Amsterdam, Zurich, and Munich, Synthesia generates over half its revenue from the U.S. market. The company recently appointed Peter Hill as Chief Technology Officer, a tech veteran with 25 years at Amazon and AWS. This is part of the company’s strategy to strengthen its global leadership team.
Industry Impact and Use Cases
Synthesia’s platform is trusted by some of the world’s largest organizations, including SAP, Korn Ferry, Inter IKEA Group, and Siemens. Its applications include internal training, marketing, sales enablement, and customer support.
- SAP: “Synthesia has expanded our use cases rapidly, driving engagement internally and externally,” said Lauren Maroney, Global VP of Strategic Engagement and Adoption.
- Korn Ferry: “Synthesia modernized our global training practices, saving time, costs, and resources,” said Adam Ortiz, Director of Global Technology Training.
- Inter IKEA: “Synthesia’s AI tools democratized learning with culturally relevant, localized content,” said Markus Lüken, Learning Technology Implementation Leader.
- Siemens: “Synthesia optimized our content creation with multilingual support and seamless brand integration,” said Sven Windsch, Head of Technology Adoption.
Leadership in AI Compliance and Security
In September 2024, the company became the first AI video company to achieve ISO 42001 compliance for security standards. Additionally, they conducted a public red team test of its platform with Humane Intelligence and NIST to ensure responsible AI deployment.
The Growing Role of AI in Europe
The company exemplifies Europe’s burgeoning AI sector. According to Dealroom, AI startups accounted for 25% of European venture capital funding in 2024.
Yoram Wijngaarde, CEO of Dealroom said:
"Synthesia is a standout example of AI innovation, positioning Europe as a key player in this transformative wave."
UK Government Backs Synthesia’s Growth
UK Science, Innovation, and Technology Secretary Peter Kyle emphasized the government’s support for AI innovation:
"Synthesia’s success highlights the UK’s thriving AI sector and its leadership in generative AI advancements. This funding reflects investor confidence in British tech and the global potential of UK-based companies."
Conclusion
Synthesia’s Series D funding solidifies its position as a pioneer in AI video communication. With innovative features like personal AI avatars, multilingual capabilities, and seamless video localization, Synthesia is transforming how businesses communicate globally.
Discover more from Techish Kenya
Subscribe to get the latest posts sent to your email.
