Synthesia, with the support of Nvidia, claims unicorn status after a successful funding round that raised $90 million.
In Brief
In its latest funding efforts, Synthesia has managed to bring in $90 million, led by Accel and NVentures, elevating its valuation to $1 billion.
The innovative technology from Synthesia allows businesses to create personalized AI avatars, democratizing the video production process.
Looking ahead, Synthesia aims to refine its avatar technology for better expressiveness and functionality, with some exciting updates expected by year-end.
Synthesia, a UK-based AI startup, has raised With a Series C funding round that attracted $90 million from Accel and NVentures, along with backing from Kleiner Perkins, GV, FirstMark Capital, and MMC, Synthesia's valuation has officially hit the billion-dollar mark.
The partnership with a major tech player strengthens Synthesia’s dedication to transforming content creation. Their platform supports over 50,000 businesses, including the colossal Amazon.com, by facilitating custom AI avatars across various uses. Synthesia's AI technology creates lifelike avatars capable of speaking multiple languages, turning text and images into localized videos, and more, with the avatars based on real-life individuals filmed against a green screen. Nvidia No special equipment or video editing expertise is needed when using Synthesia's platform. According to reviews,
Synthesia is acknowledged as the top-rated platform for AI video production. homepage Their overarching goal is to democratize video making by replacing traditional cameras with code, eliminating the necessity for expensive equipment, actors, and complicated editing. Synthesia is committed to enhancing its technology and pushing the boundaries of AI research to create avatars that are even more dynamic and capable of handling a wider array of tasks. While some specifics remain under wraps, the company plans to share its innovations before the year concludes.
HumanRF provides full-body, multi-angle video capture and playback capabilities.
Get acquainted with video inpainting through text-driven editing powered by Stable Diffusion and Neural Atlases.
Read more:
- Anthropic has secured $450 million in its Series C funding round, backed by industry giants Google and Salesforce.
- The founder of Nvidia has encouraged graduates in Taiwan to fully embrace the ongoing AI revolution.
- Please remember that the information provided here isn't meant to be financial, investment, legal, or tax advice. It's crucial to invest only what you can afford to lose and to seek independent financial insight if anything is unclear. For more details, we recommend reviewing the terms and conditions along with the help and support pages made available by the issuer or advertiser. MetaversePost strives for accurate and unbiased reporting, but market conditions may change unexpectedly.
- Top 30+ Anticipated AI StartUps in 2023
Disclaimer
In line with the Trust Project guidelines Agne, a journalist for Metaverse Post, covers the latest in the metaverse, AI, and Web3 sectors. Her storytelling passion drives her to interview numerous industry experts, always in pursuit of captivating narratives. She holds a Bachelor's degree in literature and has a rich background in diverse topics, including travel, art, and culture. Additionally, she has volunteered as an editor for an animal rights organization, advocating for animal welfare. You can reach out to her at
