Among its clients, the company counts Ernst & Young (where 35 of its partners have avatars), Teleperformance, UiPath, and WPP. The company does not disclose year over year or month over month growth.Concept: London’s software startup Synthesia has launched an AI video avatar platform that can create professional videos from a text in different languages. #Synthesia ai 50m series perkins software The startup leverages AI technology to create visual chatbots, product demonstrations, and sales videos for enterprise clients. Synthesia claims that the new platform can create videos featuring an avatar that looks and feels like a real person. The startup enables the users to turn text or a slide deck presentation into a video complete with a talking avatar. The users can leverage existing AI-generated avatars created from the performance of actors and can also create their own in minutes by uploading videos. The platform also enables the users to upload a recording of their voice, which can be transformed to say anything the user wants. Nature of Disruption: The platform has more than 40 plus avatars in its gallery and supports over 50 plus languages. The users can type in a script, add other components including text, images, and shapes, and can generate the video without any video creation or editing skills. After pasting in a video script, the platform generates a video rapidly with custom backgrounds and an avatar that mimics a person’s facial movements. The avatar also pronounces different phonemes, the units of speech distinguishing one word from another. The platform also enables the users to personalize video to specific consumer segments. The enterprise users leverage the tool to develop engaging and meaningful training and educational videos. The users also develop corporate communication videos using the Synthesia platform. The startup is also working on an API that allows the enterprises to connect the platform to their systems and distribute the video. The synthetic videos also have risk elements associated with them. Synthetic video creation tools can help fraudsters to create deepfakes, that remove a person in an existing video and replace them with someone else’s likeness. The platform is currently used by many major companies to create internal communications and client communication. EY leverages the Synthesia platform to generate videos for internal communications and client communication. Outlook: The COVID-19 pandemic has made conventional filming difficult and risky. #Synthesia ai 50m series perkins softwareĪlso, conventional filming requires extensive scripts and incurs a high cost to create a video.“I think this is a huge unlock to a lot of really cool use cases that are going to emerge from this, and it’s democratizing production grade video for corporations,” Coyne says. Josh Coyne, a partner at Kleiner Perkins who led the Series B round, says that the demand for video continues to explode and while it’s never been easier to create a compelling TikTok video, that hasn’t been true for the professional quality production arena that a lot of enterprise videos fit in. It had previously raised $1 million pre-seed, $3.1 million seed round, and $12.5 million Series A in April of this year, so with the latest funding round, the total amount invested has grown to $67 million. The London-based company currently counts 65 employees in several offices. After signing up to their website, Cuban put in one million, the pre-seed investment they needed to get going. Eventually they approached professors Matthias Niessner and Lourdes Agapito, and started the company in March 2017.Īfter a number of rejections, Tjerrild found and cold emailed Mark Cuban, and they we had a 14 hour back and forth conversation via email. Riparbelli later moved to London to work in consulting and Tjerrild did investment banking in Zambia, but the two eventually reunited at a wedding in India. Originally from Denmark, Riparbelli met his cofounder Steffen Tjerrild (CFO & COO) while both worked at a startup studio in Copenhagen called Founders.
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