Synthesia, the world’s leading enterprise AI-powered video communications platform, announced the successful close of its $180 million Series D funding round led by NEA, with participation from existing investors including GV, MMC Ventures and FirstMark, and new backers including WiL (World Innovation Lab), Atlassian Ventures, and PSP Growth.
The latest funding brings Synthesia’s total capital raised to over $330 million, valuing the company at $2.1 billion and cementing its position as a pioneer in generative AI for enterprise video communications.
This significant milestone will fuel Synthesia’s next phase of growth, supporting product development and talent growth, and drive the expansion of its innovative AI-powered video platform to meet the evolving needs of enterprises in several markets, including Japan, Australia, Europe and North America.
“This new investment will help us develop a new generation of AI-powered video experiences that are interactive, real-time, and personalized, 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,” said Victor Riparbelli, CEO and co-founder of Synthesia.
“NEA has a long history of supporting transformative companies, and we’re excited to partner with Synthesia as they shape the future of AI-powered communication,” said Philip Chopin, Managing Director, NEA UK. “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.”
Building the leading end-to-end AI video platform that delivers real business outcomes
In June 2024, the company announced it had begun the development of Synthesia 2.0, the world’s first enterprise AI video platform.
Synthesia 2.0 reinvents every aspect of the video production and distribution process to help businesses create and share AI-generated videos at scale for use cases such as learning and development, sales enablement, customer support, marketing, or business operations. The company has recently shipped several features and products as part of the new platform, including:
- Personal Avatars are custom AI avatars with a natural background and that speak over 30 languages. They can be created in minutes with a phone or laptop camera
- AI Screen Recorder is a Chrome extension that records a computer’s screen and creates professional videos in minutes which can then be edited further in Synthesia
- AI Video Assistant converts documents or web pages into videos, with powerful configuration options and feature-rich templates
- Multilingual Video Player is a responsive video player that supports playback for multiple translations of a single video, with chapters, captions, and intuitive player controls
- A video localization solution which includes 1-click translation for videos created in Synthesia, with easy-to-use versioning control, as well as AI-enhanced dubbing that translates content from any source with perfect lip-sync and natural-sounding voices
- Live Collaboration allows multiple people to work together on a video at the same time in real-time
Synthesia is a trusted partner for global organizations by enabling seamless, scalable, and secure video creation and distribution. Its solutions are used by some of the largest companies worldwide, empowering them to enhance both internal and external communications, with measurable improvements in engagement and efficiency.
