Synthesia Raises £146m to Become UK's Leading GenAI Company
Deal News | Jan 15, 2025 | Business Cloud
Synthesia, a high-profile AI video creation platform based in London, has raised £146 million in a Series D funding round, making it the UK's most valuable generative AI company. The investment was led by NEA, with contributions from current and new investors like GV, MMC Ventures, and Atlassian Ventures. Now valued at £2.1 billion, Synthesia aims to expand its reach in markets such as Japan, Australia, Europe, and North America. The company, which became a unicorn in 2023, has raised over £330 million in total funding. It employs more than 400 people across offices in seven countries and serves over 60,000 customers, including 60% of the Fortune 100. The funding will be directed towards advancing interactive, real-time, and personalized AI video experiences. The company is also poised for further growth with the appointment of Peter Hill as CTO. Investors believe Synthesia's solutions will significantly impact global industries.
Sectors
- Artificial Intelligence
- Media & Technology
- Venture Capital
Geography
- United Kingdom – Synthesia is headquartered in London and is noted as the UK's most valuable generative AI company.
- United States – The US is a key market for Synthesia, which generates over half of its revenue from there.
- Japan – Synthesia plans expansion into this market, indicating targeted growth and new investments.
Industry
- Artificial Intelligence – The article focuses on a company using AI technology to revolutionize video creation, emphasizing its role in generative AI.
- Media & Technology – The subject, Synthesia, operates in the MediaTech sector by providing AI-driven video production services.
- Venture Capital – The article involves a significant Series D funding round led by venture capital firms.
Financials
- £146 million – The amount raised by Synthesia in the Series D funding round.
- £2.1 billion – The valuation of Synthesia following the Series D funding round.
- £330 million – Total capital raised by Synthesia to date.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Synthesia | Target company | Company | An AI video creation platform that recently raised £146 million in Series D funding. |
| NEA | Lead investor | Company | A venture capital firm that led the Series D round for Synthesia. |
| GV | Existing investor | Company | Part of the group of existing investors in Synthesia. |
| MMC Ventures | Existing investor | Company | Previously invested in Synthesia and continued participation in this round. |
| FirstMark | Existing investor | Company | An investor in the Series D round, continuously supporting Synthesia. |
| WiL (World Innovation Lab) | New investor | Company | A new backer entering the investment round in Synthesia. |
| Atlassian Ventures | New investor | Company | Part of the new group of investors participating in Synthesia's latest funding round. |
| PSP Growth | New investor | Company | Newly involved as a backer in Synthesia's Series D investment. |
| Peter Hill | Chief Technology Officer | Person | Recently appointed CTO of Synthesia, bringing significant experience from prior roles. |