Synthesia Funding News – London-Based Synthesia has secured a $180M Series D Funding Round

New Enterprise Associates (NEA) is a multinational venture capital firm that makes investments in healthcare and technology businesses at every stage of their development, from seed to initial public offering.

“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,” says Philip Chopin, Managing Director, NEA UK.

GV, MMC Ventures, FirstMark, and new backers WiL (World Innovation Lab), Atlassian Ventures, and PSP Growth were among the other investors who took part.

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The most recent investment raises Synthesia's total capital to over $330 million, or over €320 million, and values the company at $2.1 billion, or roughly €2 billion.

The money will be used to support product development and talent acquisition, propel the company's next phase of expansion, and introduce its cutting-edge AI-powered video platform into new markets in North America, Europe, Australia, and Japan.

“This new investment will help us develop a new generation of AI-powered video experiences that are interactive, real-time, and personalised, offering possibilities we could have only imagined when we founded the company in 2017. I’m excited to bring these experiences to our over 60,000 customers, which range from the world’s largest brands to thousands of small businesses that use Synthesia to communicate internally and externally with unmatched engagement and efficiency,” says Victor Riparbelli, CEO and co-founder of Synthesia.

About Synthesia

Synthesia is an advanced AI platform that turns text into realistic videos with virtual characters. It uses deep learning to create avatars that sound natural when reading the text. This technology offers a new way to create content.