PANews reported on November 1st, citing Forbes, that British AI video generation company Synthesia has completed a new round of financing of $200 million, reaching a valuation of $4 billion. This new round of financing will be led by Google Ventures, with Nvidia potentially also participating. Previously, Synthesia had raised $280 million (approximately 2 billion RMB), with Nvidia and Adobe participating in the investment.
Founded in 2017, Synthesia differs from video generation tools like Sora in its focus. It concentrates on helping businesses use AI-generated avatars to create videos for marketing, employee training, and more. Currently, 60,000 businesses are using Synthesia's platform to generate their own avatar videos.
