Synthesia, the market chief in AI video era, introduced their thrilling $90 million Series C financing. The spherical is led by Philippe Botteri at Accel together with NVIDIA and present traders. The corporate now formally hits unicorn standing, and we’re extraordinarily happy with the good co-founders, Victor Riparbelli, Steffen Tjerrild, Dr. Lourdes Agapito and Dr. Matthias Niessner, and the complete Synthesia workforce!
We have been first launched to Victor and Steffen in November 2018. Ever since our first assembly, we agreed with their imaginative and prescient to empower everybody to make video content material with out cameras, microphones, or studios. Utilizing AI, they deliberate to vary the method of content material creation and unleash human creativity for good – they’re delivering it!
We led their $3.1 million Seed financing in 2019 together with co-investors Seedcamp, MMC Ventures, TinyVC, VAS Ventures, Nigel Morris, Taavet Hinrikus and earlier investor Mark Cuban.
At the moment, others have been skeptical about artificial AI video, whether or not Synthesia was only a product function, and/or whether or not there was a big market alternative. We’re all the time seeking to associate with good technical groups who’re constructing leapfrog, moonshot options to massive issues like Synthesia within the very early days, and we’re comfy with know-how and enterprise dangers.
Their $12.5 million Sequence A was led by Matt Turck of FirstMark Capital, and their $50 million Sequence B was later led by Josh Coyne at Kleiner Perkins together with Vidu Shanmugarajah at GV. Synthesia’s spectacular buyer development now exceeds 50,000 firms leveraging their platform. Trade giants akin to Google, Reuters, Nike, Amazon, Johnson & Johnson, and lots of extra use Synthesia to generate movies for company coaching and e-learning, create customized advertising and marketing and gross sales campaigns and even ship breaking information segments.