Synthesia, a London-based start-up focused on AI-powered video communications for enterprises, has completed a €174m Series D funding round, valuing it at a whopping €2bn, making it the UK’s largest It has become a valuable Gen-AI media company.
The round, led by NEA, included participation from existing backers GV, MMC Ventures, and FirstMark, as well as new investors WiL (World Innovation Lab), Atlassian Ventures, and PSP Growth. This funding brings Synthesia’s total raised to over €320 million.
“This new investment will help us develop a new generation of AI-powered video experiences that are interactive, real-time, and personalized, offering possibilities we could only have imagined when we founded the company in 2017. We are excited to deliver these experiences to more than 60,000 customers, from the world’s largest brands to thousands of small businesses, who use Synthesia for their internal and external communications with unparalleled engagement and efficiency. CEO said Victor Riparbelli, CEO and CEO. Co-founder of Synthesia.
Synthesia was founded in 2017 by a team of AI researchers and entrepreneurs from UCL, Stanford, TUM and Cambridge: Victor Riparbelli, Steffen Tjerrild, Professor Matt Niessner and Professor Lourdes Agapito.
Synthesia develops AI-powered tools that enable businesses to efficiently produce high-quality, scalable video content. Its customer base, which includes more than 60% of Fortune 100 companies, uses the platform for internal communications, training, and external engagement.
The company, which has more than 60,000 customers worldwide, plans to use the new funding to accelerate product innovation, expand its team and increase its presence in key markets including North America, Europe, Japan and Australia.
“NEA has a long history of supporting innovative companies and we are excited to be partnering with Synthesia as they shape the future of AI-powered communications,” said Philippe Chopin, Managing Director, NEA UK. “We believe that Synthesia’s commitment to enterprise-grade solutions and impressive traction with customers, where 60% of Fortune 100 companies are Synthesia customers, sets the company apart in a rapidly evolving market. ”
Synthesia also announced the appointment of Peter Hill as Chief Technology Officer. Mr. Hill has held senior positions at Amazon and Wildfire Studios. His contributions will be critical as Synthesia continues to develop Synthesia 2.0, the next generation enterprise AI video platform.
The new platform aims to transform video production with tools such as personal AI avatars, AI screen recording, and multilingual dubbing. Synthesia’s innovations enable companies to create and deliver customized, localized video content at scale, a capability that is reshaping the communications strategies of companies such as SAP, Korn Ferry, Inter IKEA Group, and Siemens. It will be.
“Synthesia has become a valuable element of Siemens’ digital communications and video production strategy. Its advanced platform, featuring avatar creation and seamless brand integration, has optimized our content creation process. These features increase our efficiency and deliver high-quality, localized content quickly. We now have an improved ability to deliver and deliver with precision, enabling impactful communications across our global organization,” commented Sven Windsch, Head of Technology Implementation at Siemens.
Synthesia recently became the first AI video company to achieve ISO 42001 certification, the benchmark for security compliance in generative AI. The company also recently conducted public red team testing of its platform in collaboration with NIST.
With a growing team of over 400 employees across offices in London, New York, Copenhagen, Amsterdam, Zurich, and Munich, Synthesia is well-positioned to lead the next wave of AI-driven media innovation.
