Synthesia closed a $180 million Series D funding round, led by NEA with participation from new investors, including WiL, Atlassian Ventures, and PSP Growth. The round values the startup at $2.1 billion.
The newly acquired funds will be strategically deployed to accelerate Synthesia's product innovation pipeline, bolster talent acquisition, and drive global expansion efforts.
"This new investment will help us develop a new generation of AI-powered video experiences that are interactive, real-time, and personalized," said CEO and co-founder Victor Riparbelli, reflecting on the startup's growth since its establishment in 2017.
Synthesia aims to extend its reach across key markets such as North America, Europe, Japan, and Australia. They're focusing on developing the next generation of AI-powered video experiences, emphasizing interactivity, real-time capabilities, and personalized content. These enhancements are designed to empower businesses with unprecedented levels of engagement and communication efficiency. This strategic growth plan positions Synthesia to further penetrate its target markets and cater to the increasing demands for scalable video communication solutions.
Already boasting a customer base of over 60,000 businesses, Synthesia now holds the distinction of being the most valuable Generative AI media company in the UK and the worldwide market leader in enterprise AI video. The platform is utilized by a wide range of organizations, from global brands to small businesses, for both internal and external communications. Synthesia enables companies to enhance learning and development, sales, customer support, marketing, and operational workflows through efficient and impactful video creation.
To further strengthen its technological leadership, Synthesia has appointed Peter Hill as Chief Technology Officer. Hill brings over 25 years of experience in technical leadership roles, including a long tenure at Amazon and AWS and a recent stint as CEO and CPO of Wildfire Studios. His extensive experience in driving technical innovation and large-scale growth will be instrumental in steering the company's technology roadmap and future development efforts.
Synthesia's ongoing development of the Synthesia 2.0 platform represents a significant leap forward in AI-powered video. The innovative platform is designed to reinvent the entire video production and distribution process, enabling businesses to create and share AI-generated videos at scale. New features include customizable personal avatars, AI screen recording, document-to-video conversion, multilingual video players, and enhanced localization solutions. The platform fosters real-time collaboration and ensures seamless, scalable, and secure video creation for businesses of all sizes.
Leading organizations such as SAP, Korn Ferry, Inter IKEA Group, and Siemens have integrated Synthesia into their communication strategies, emphasizing the platform's transformative potential. Synthesia's commitment to security and compliance is underscored by its ISO 42001 certification, setting a new benchmark for the Generative AI industry.
"We believe Synthesia’s commitment to enterprise-grade solutions and its impressive traction with customers - 60% of Fortune 100 companies are Synthesia customers - sets the company apart in a rapidly evolving market," commented Philip Chopin, Managing Director, NEA UK. "We are extremely excited to be partners on the next phase of Synthesia’s journey and continue supporting the company’s growth and impact going forward," added Momei Qu, Managing Director, PSP Growth.
Existing investors including GV, MMC Ventures, and FirstMark also participated in the round, which brings Synthesia’s total funding to over $330 million.
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