Synthesia has claimed the crown of Britains biggest GenAI company after raising $180mn at a $2.1bn valuation.
The London-based business generateslifelike avatarsfor video content.
Enterprises use the software to produce training content and corporate communications.
The tech has made Synthesia a leader in the burgeoning synthetic media industry.
According to the startup, over 60,000 businesses are customers including more than 60% of the Fortune 100.
Investors have also shown a growing interest.
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The latest cash injection creates another milestone.
According to Dealroom, Synthesia is now the UKs largest GenAI media company by valuation.
The startup wants the fresh funds to fuel a new phase of growth.
Development of the system is now underway.
Synthesia is also preparing for the next generation of synthetic media.
Naturally, Riparbelli also shared the funding news in anAI video.
Fully generated with Synthesia, the clip summarises the announcement in eight languages.
The landmark raise has renewed optimism about Europes AI landscape.
Yoram Wijngaarde, Dealrooms founder and CEO, is bullish about developments across the continent.
Synthesias Series D signals that European AI is picking up where they left off in 2024, he said.
Riparbelli is also optimistic about the UKs AI scene.
He pointed to its combination of talent, capital, and infrastructure.
He also praised Britains production of global leaders in the field.
Whats also remarkable about the UK is that it produces global leaders, not just regional players.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
