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Synthesia snaps up $180M at a $2.1B valuation for its B2B AI video platform
As the world continues to work through how to handle the explosion of deepfake content online, it seems that not all AI-created videos are stirring
The startup plans to use the funding for hiring, particularly to expand in Asia Pacific – the bulk of Synthesia’s business today is in Europe and North America – and to continue evolving its products. For a little more fundraising context, it’s been about 18 months since Synthesia last disclosed funding: in June 2023, it closed a $90 million round on a $1 billion valuation with previous backers including Kleiner Perkins and Accel. Synthesia says it now has 60,000 businesses as customers, compared to 50,000 in June 2023, and its aim has been to carve out its own niche in the space as the go-to platform for enterprises that are looking to build out their video interactions.
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