In Q3’21, private AI companies raised a record-breaking $17.9B. Synthesia, a company leveraging AI to generate videos of avatars, today announced that it raised 50 million in a series B round, bringing its total raised to 66.5 million. AI startups have had a huge funding year in 2021.Growth in the market is being driven by increasing demand for digital content across platforms - spurred by the Covid-19 pandemic - and the transition to remote work and communications. Multilingual Video and Avatar Startup Synthesia Raises USD 50m - Slator AI video generation startup Synthesia raises USD 50m from Kleiner Perkins and GV to develop multilingual avatars. The global digital content creation market is estimated to be worth $44.6B, per CB Insights’ Industry Analyst Consensus.Source: Synthesia WHY DOES THE MARKET MATTER? Synthesia, a London-based artificial intelligence startup that creates video avatars of real people, said on Wednesday it raised 50 million from Silicon Valley venture capital firm Kleiner. All existing investors in Synthesia including Firstmark Capital, LDV Capital, Seedcamp, and MMC Ventures also. The round was led by Josh Coyne from Kleiner Perkins, with the participation of GV (formerly Google Ventures). Synthesia is supported by a team of over 60 employees. On December 8, 2021, AI video platform Synthesia announced that it had raised USD 50m in series B funding. ![]() Some of the company’s major clients include Ernst & Young, SAP, and Accenture. 58,093Website Global Rank 1,785,977Website Monthly Traffic Twitter Followers.
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