Synthesia, a UK-based startup developing video synthesis technology, has raised USD3.1 million to continue its mission to help brands and content creators scale their video production using AI.
This financing round was led by LDV Capital, early investor Mark Cuban, and joined by new investors MMC Ventures, Seedcamp, Martin Varsavsky’s VAS Ventures, TransferWise co-founder Taavet Hinrikus, Tiny VC, and advertising executive Nigel Morris.
Their cloud-based platform ENACT enables customers to automatically generate personalised and interactive video content for their audiences at an exponentially faster rate and a fraction of the costs.
“Consumers and employees today expect video-based communication that is tailored to them. For companies it’s difficult to deliver these experiences because the conventional ways of creating video content is a physical process that simply doesn’t scale,” says Victor Riparbelli, co-founder and CEO of Synthesia. “Our mission is to make it easier to bring creative ideas to life without the traditional barriers of time, budget and skills. We are excited to collaborate with a great and diverse team of investors to execute on our vision.”
