Nvidia-Backed AI Video Platform Synthesia Doubles Valuation to $2.1 Billion

Synthesia, an AI video platform backed by Nvidia, has seen its valuation soar to $2.1 billion following a successful Series D funding round. The London-based startup, which specializes in generating lifelike avatars for video content, has attracted significant investment from prominent venture capital firms, including NEA, GV, MMC Ventures, and FirstMark. The latest funding round, led by NEA, brings Synthesia's total capital raised to over $330 million, reflecting the growing demand for AI-powered video communications and synthetic media.



Synthesia's AI video platform has gained traction among enterprises, with over 60,000 businesses, including more than 60% of the Fortune 100, using its software to produce training content and corporate communications. The company's focus on enterprise-grade solutions and its ability to create interactive, real-time, and personalized video experiences have set it apart from competitors in the market.

The latest funding will support Synthesia's next phase of growth, enabling the company to develop a new generation of AI-powered video experiences and expand its innovative platform to meet the evolving needs of enterprises in North America, Europe, Japan, and Australia. Synthesia's global footprint, with offices in seven countries and customers across many markets and industries, positions it well to capitalize on the growing demand for AI video communications.

Synthesia's CEO and co-founder, Victor Riparbelli, expressed his excitement about the new investment, stating that it will help the company bring cutting-edge AI video experiences to its over 60,000 customers. Riparbelli also highlighted the potential for blending AI videos with reasoning systems, such as large language models, to create new types of media that can think, narrate, and personalize content for users.



The investment in Synthesia signals a renewed optimism about Europe's AI landscape, with AI startups accounting for over 25% of European venture capital last year, up from 15% just four years ago. Synthesia stands out among the emerging AI unicorns reshaping the landscape from this side of the Atlantic, according to Yoram Wijngaarde, Founder and CEO of Dealroom.

Peter Kyle, the UK's science and technology secretary, welcomed the funding, highlighting the confidence investors have in British tech and the global leadership of UK-based companies in pioneering generative AI innovations. Riparbelli also praised the UK's combination of talent, capital, and infrastructure, as well as its ability to produce global leaders in the AI field.

In conclusion, Synthesia's AI video platform has seen remarkable growth and success, with its valuation doubling to $2.1 billion following a Series D funding round. The company's focus on enterprise-grade solutions, interactive video experiences, and global expansion has positioned it as a leader in the generative AI media industry. With the support of prominent investors and a strong global footprint, Synthesia is well-positioned to continue its growth and innovation in the AI video communications space.