Synthesia

Create studio-quality videos with AI avatars and voiceovers in 130+ languages. It’s as easy as making a slide deck.

Founded

2017

Employees

100+

Customers

Synthesia's client base includes Tiffany’s, IHG, Teleperformance, BSH, and Moody’s Analytics. Additionally, organisations within the United Nations also utilise Synthesia's services. 35% of Fortune 100 companies use Synthesia for various purposes, particularly for training and marketing.

Funding

$156.6M

Funding Rounds

5

SOLUTIONS

Synthesia provides a comprehensive suite of AI-powered solutions tailored for different business needs:

  1. AI Avatars and Voices: Synthesia enables the creation of virtual avatars and synthetic voices in numerous languages, facilitating the production of diverse and globally accessible video content. This feature is particularly useful for companies looking to personalise communication and make it more engaging for international audiences.
  2. Translation and Localization: The platform offers one-click translation capabilities, allowing users to effortlessly convert text into videos in multiple languages. This is ideal for businesses aiming to expand their reach and communicate effectively with a global customer base.
  3. Collaboration Tools: Synthesia includes features for team collaboration, making it easy for groups to co-create and manage video projects together. This helps ensure that video content aligns with the strategic goals of the organisation and enables seamless teamwork.
  4. Content Updates and Editing: With tools designed for easy editing and updating of video content, Synthesia ensures that users can quickly adapt their videos to changing information or requirements, enhancing content relevancy and effectiveness.

These solutions are part of a broader effort to democratise video production and make it accessible to businesses of all sizes, streamlining the process of creating high-quality, engaging video content for various purposes.

ABOUT THE COMPANY

Synthesia, founded in 2017 by AI researchers and entrepreneurs from renowned institutions like UCL and Stanford, specializes in AI-powered video creation.

The company aims to simplify video production, enabling users to create high-quality content without needing traditional filming equipment like cameras or studios.

Synthesia’s platform uses advanced AI to produce videos featuring synthetic actors and realistic voices across various languages. This technology not only saves significant time in content creation but is also used by many leading global companies, emphasizing its widespread adoption and effectiveness.

Ethical AI use and safety are core to their mission, dedicating a part of their team specifically to these aspects.

FINANCES

In June 2023, Synthesia has successfully raised $90 million in a Series C funding round, which was led by Accel and included strategic investments from Nvidia, among others from prominent venture capital firms such as Kleiner Perkins, GV, Firstmark Capital, and MMC Ventures. This funding round brought Synthesia’s total raised capital to $156.6 million and elevated its valuation to $1 billion post-money, a significant increase from $300 million in December 2021.

The company has achieved a year-over-year user growth rate of 456% and has generated over 15 million videos on its platform to date. This impressive growth highlights Synthesia’s scalability and the increasing demand for its AI video creation services across various sectors. Despite the substantial capital raised and the rapid growth in user base, specific revenue figures have not been publicly disclosed by the company. However, the successful funding rounds and the high valuation indicate strong financial health and investor confidence in Synthesia’s business model and future prospects.

FURTHER READING