Synthesia Secures $180m in Series D, Leading UK's Gen AI Frontier
Deal News | Jan 15, 2025 | UK Tech Funding
Synthesia, a leading generative AI company based in London, has become the UK's most valuable firm in its sector following a successful $180 million Series D funding round. The company, known for creating human-like digital avatars for corporate communications and training, is now valued at $2.1 billion. Founded in 2017, Synthesia had previously achieved a unicorn valuation with a $90 million Series C round in 2023. Recognized for its innovative technology, Synthesia's offerings include AI-generated avatars capable of delivering business scripts in a human-like manner. With a clientele exceeding 60,000, including 60% of Fortune 100 companies, the firm has positioned itself as a leader in AI communication solutions. This latest investment, spearheaded by NEA with support from Google Ventures and other notable partners, is aimed at advancing Synthesia's interactive and personalized video experiences.
Sectors
- Generative AI
- Corporate Communications
- Venture Capital
Geography
- United Kingdom – Synthesia is a UK-based company and the article focuses on its success and valuation within the UK's market.
- United States – US-based venture capital firms such as NEA are significant investors in Synthesia's funding rounds.
Industry
- Generative AI – Synthesia operates within the Generative AI space, focusing on producing human-like digital avatars for corporate uses.
- Corporate Communications – The digital avatars provided by Synthesia are utilized primarily for enhancing communication and training within corporations.
- Venture Capital – The article discusses investment activities and the involvement of venture capital firms in funding Synthesia.
Financials
- $180 million – The amount raised by Synthesia in its Series D funding round.
- $2.1 billion – Synthesia's valuation following the Series D funding round.
- $90 million – The amount raised by Synthesia in its Series C funding round in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Synthesia | Target Company | Company | A London-based generative AI firm creating digital avatars for corporate communication. |
| NEA (New Enterprise Associates) | Lead Investor | Company | An American venture capital firm leading the Series D funding round for Synthesia. |
| Google Ventures | Investor | Company | The venture capital arm of Google participating in the Series D funding round for Synthesia. |
| Accel | Previous Investor | Company | A venture capital firm that led the Series C funding round for Synthesia. |
| NVIDIA | Previous Investor | Company | An investor in Synthesia's Series C round through its venture capital arm. |
| Atlassian Ventures | New Investor | Company | A participant in the Series D funding round for Synthesia. |
| World Innovation Lab | New Investor | Company | A participant in the Series D funding round for Synthesia. |
| PSP Growth | New Investor | Company | A participant in the Series D funding round for Synthesia. |
| Victor Riparbelli | Co-founder and CEO | Person | The CEO of Synthesia who commented on the company's future prospects. |
| Philip Chopin | Managing Director, NEA UK | Person | Involved in the decision to invest in Synthesia as part of NEA. |