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Saturday, January 13, 2024

Congratulations to Synthesia On Their $90M Collection C Led by Accel at a $1B Valuation — LDV Capital

Synthesia, the market chief in AI video era, introduced their thrilling $90 million Collection C financing. The spherical is led by Philippe Botteri at Accel together with NVIDIA and present buyers. The corporate now formally hits unicorn standing, and we’re extraordinarily happy with the sensible co-founders, Victor Riparbelli, Steffen Tjerrild, Dr. Lourdes Agapito and Dr. Matthias Niessner, and the whole Synthesia staff!

We had been first launched to Victor and Steffen in November 2018. Ever since our first assembly, we agreed with their imaginative and prescient to empower everybody to make video content material with out cameras, microphones, or studios. Utilizing AI, they deliberate to alter the method of content material creation and unleash human creativity for good – they’re delivering it!

We led their $3.1 million Seed financing in 2019 together with co-investors Seedcamp, MMC Ventures, TinyVC, VAS Ventures, Nigel Morris, Taavet Hinrikus and earlier investor Mark Cuban.

At the moment, others questioned whether or not Synthesia was only a product characteristic, and/or whether or not there was a major market alternative. We’re at all times seeking to companion with sensible technical groups who’re constructing leapfrog, moonshot options to huge issues like Synthesia within the very early days, and we’re comfy with expertise and enterprise dangers.

Their $12.5 million Collection A was led by Matt Turck of FirstMark Capital, and their $50 million Collection B was later led by Josh Coyne at Kleiner Perkins together with Vidu Shanmugarajah at GV. Synthesia’s spectacular buyer development now exceeds 50,000 corporations leveraging their platform. Business giants resembling Google, Reuters, Nike, Amazon, Johnson & Johnson, and lots of extra use Synthesia to generate movies for company coaching and e-learning, create customized advertising and marketing and gross sales campaigns and even ship breaking information segments.

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