Synthesia, a London-based AI video platform that allows users to quickly make videos using the software, announced that it raised $50 million in a Series B round.
The round was led by Kleiner Perkins, with participation from GV and previous investors Firstmark Capital, LDV Capital, Seedcamp, and MCC Ventures.
Company: Synthesia Ltd
Raised: $50.0M
Round: Series B
Funding Month: December 2021
Lead Investors: Kleiner Perkins
Additional Investors: GV, Firstmark Capital, LDV Capital, Seedcamp, and MCC Ventures
Company Website: https://www.synthesia.io/
Software Category: AI video platform
About the Company: Synthesia is a software company founded in 2017 by a team of researchers and entrepreneurs from UCL, Stanford, TUM, and Cambridge. Its mission is to power the video-first internet: replace cameras with code & make everyone a creator. Synthesia allows users to select an AI avatar or make themselves as an avatar, type out the script, click generate and receive a video that almost looks like a real video. Currently works in 63 languages, the company operates as a SaaS model, offering two plans: personal, where for $30 a month, the users get 10 minutes of video per month, and a corporate one which is custom. At the moment, Synthesia is close to 5,000 customers, with its users have generated more than 6 million unique videos. Among its clients, the company counts Ernst & Young (where 35 of its partners have avatars), Teleperformance, UiPath, and WPP. The company does not disclose year over year or month over month growth.
Source: https://www.forbes.com/sites/igorbosilkovski/2021/12/08/ai-video-platform-synthesia-raises-50-million-in-series-b/?sh=65300630e16e