Synthesia, the world’s leading enterprise AI-powered video communications platform, announced today the successful close of its $180 million Series D funding round.
The round was led by NEA, with participation from existing investors, including GV, MMC Ventures and FirstMark, and new backers, including WiL (World Innovation Lab), Atlassian Ventures, and PSP Growth.
The latest funding brings Synthesia’s total capital raised to over $330 million, valuing the company at $2.1 billion and cementing its position as a pioneer in generative AI for enterprise video communications.
This significant milestone will fuel Synthesia’s next phase of growth, supporting product development and talent growth. It will also drive the expansion of its innovative AI-powered video platform to meet the evolving needs of enterprises in several markets, including Japan, Australia, Europe and North America.
“This new investment will help us develop a new generation of AI-powered video experiences that are interactive, real-time, and personalized, offering possibilities we could have only imagined when we founded the company in 2017.
I’m excited to bring these experiences to our over 60,000 customers, which range from the world’s largest brands to thousands of small businesses that use Synthesia to communicate internally and externally with unmatched engagement and efficiency,” said Victor Riparbelli, CEO and co-founder of Synthesia.
“NEA has a long history of supporting transformative companies, and we’re excited to partner with Synthesia as they shape the future of AI-powered communication,” said Philip Chopin, Managing Director, NEA UK. “We believe Synthesia’s commitment to enterprise-grade solutions and its impressive traction with customers – 60% of Fortune 100 companies are Synthesia customers – sets the company apart in a rapidly evolving market.”
“We are excited to partner with Synthesia and believe its groundbreaking AI-powered video platform is poised to revolutionize how organizations communicate and create content.
Synthesia’s ability to democratize video creation and streamline communication empowers any organization to deepen interactions with employees and customers, regardless of language or location. We believe Synthesia has the potential to significantly impact industries around the globe, and we are already seeing much excitement from our corporate partners in Japan,” said Aki Jiang and Clifford Cohn, Principals, WiL.
“There are a lot of exciting developments in AI, but few are able to demonstrate real value and application, such as Synthesia,” said Momei Qu, managing director of PSP Growth. “We are extremely excited to be partners on the next phase of Synthesia’s journey and continue supporting the company’s growth and impact going forward.”
According to Dealroom, Synthesia is now the largest generative AI media company in the UK by valuation and the second largest in the overall AI category. The company has a global footprint, with offices in seven countries and customers across many markets and industries, generating just over half of its revenue from the United States.
Yoram Wijngaarde, Founder and CEO of Dealroom, said, “Synthesia’s Series D signals that European AI is picking up where it left off in 2024. AI startups accounted for over 25% of European venture capital last year, up from 15% just four years ago. In one of the most significant technological waves in decades, Synthesia stands out among the emerging AI unicorns reshaping the landscape from this side of the Atlantic.”
Science, Innovation, and Technology Secretary Peter Kyle said, “Synthesia’s latest investment is a powerful demonstration of how our Plan for Change encourages innovation and drives growth in the UK’s thriving AI sector.
This funding showcases the confidence investors have in British tech, especially following our newly announced blueprint for AI, and highlights the global leadership of UK-based companies in pioneering generative AI innovations.
Synthesia’s success story underscores how the UK remains the ideal place for companies to grow, thrive and lead the next chapter of the digital revolution.”
Synthesia also announced the appointment of Peter Hill as Chief Technology Officer. Hill brings deep technical expertise and a proven track record from previous roles as CEO and CPO at Wildfire Studios and a 25-year tenure at Amazon and AWS, where he drove large-scale technical innovation and growth.
Over the past year, the company has made a series of strategic hires to its go-to-market, product, engineering, and R&D teams, including the appointment of a Chief Revenue Officer and a Chief of Staff. Synthesia now employs over 400 people across its offices in London (where it is headquartered), New York, Copenhagen, Amsterdam, Zurich and Munich.
Building the leading end-to-end AI video platform that delivers real business outcomes
In June 2024, the company announced that it had begun developing Synthesia 2.0, the world’s first enterprise AI video platform.
Synthesia 2.0 reinvents every aspect of the video production and distribution process to help businesses create and share AI-generated videos at scale for use cases such as learning and development, sales enablement, customer support, marketing, or business operations. The company has recently shipped several features and products as part of the new platform, including:
- Personal Avatars are custom AI avatars with a natural background who speak over 30 languages. They can be created in minutes with a phone or laptop camera.
- AI Screen Recorder is a Chrome extension that records a computer’s screen and creates professional videos in minutes. The videos can then be edited further in Synthesia.
- AI Video Assistant converts documents or web pages into videos with powerful configuration options and feature-rich templates.
- Multilingual Video Player is a responsive video player that supports playback for multiple translations of a single video. It also features chapters, captions, and intuitive player controls.
- A video localization solution that includes 1-click translation for videos created in Synthesia, easy-to-use versioning, and control, as well as AI-enhanced dubbing that translates content from any source with perfect lip-sync and natural-sounding voices.
- Live Collaboration allows multiple people to work together on a video simultaneously in real time.
Synthesia is a trusted partner for global organizations, enabling seamless, scalable, and secure video creation and distribution. Its solutions are used by some of the largest companies worldwide, empowering them to enhance internal and external communications with measurable improvements in engagement and efficiency.
“Our partnership with Synthesia has been instrumental in driving an engaging way to interact with our internal and external customers. We have been active users of their platform, and our use cases continue to expand rapidly, thanks in part to the developments in place by the Synthesia team.
For us, it’s also very much about the people, and we couldn’t ask for better people to manage their relationship with SAP.”—Lauren Maroney, Global VP of Strategic Engagement and Adoption at SAP.
“When we first discovered Synthesia, we recognized its potential to meet an immediate need. We didn’t anticipate how swiftly it would help us modernize, streamline, and enhance our global course practices and offerings. Synthesia has empowered us to efficiently educate and empower our colleagues.
Each video we produce saves us time, costs, and resources, benefiting internal and external stakeholders. We are excited about Synthesia’s continued evolution as we integrate it across all lines of business at Korn Ferry,” says Director of Global Technology Training Adam Ortiz at Korn Ferry.
“In recent years, virtual facilitators have significantly replaced traditional human trainers, addressing key challenges such as the high cost, time intensity, and single-language limitations of live actor recordings.
With Synthesia, we have democratized learning for our global workforce by transitioning from subtitled English-only master videos to culturally relevant, locally adapted content.
The platform’s robust features—such as multilingual dubbing and customizable AI avatars—allow us to deliver engaging, scalable, and impactful video communication tailored to diverse audiences.” – Markus Lüken, Learning Technology Implementation Leader at Inter IKEA Group
“Synthesia has become a valuable component of Siemens’ digital communication and video production strategy. Its advanced platform, featuring speech-to-video transformation, multilingual support, digital avatar creation, and seamless brand integration, has optimized our content creation processes.
These capabilities have enhanced our efficiency while elevating our ability to deliver high-quality, localized content quickly and precisely, enabling impactful communication across our global organization.” – Sven Windsch, Head of Technology Adoption at Siemens.
A focus on security and compliance
With a growing portfolio of clients, Synthesia prioritizes compliance, trust, and security. Its platform meets rigorous enterprise standards, ensuring AI technology’s safe and responsible use.
In September 2024, Synthesia became the world’s first AI video company certified by A-LIGN as ISO 42001 compliant, setting a new benchmark for security compliance in the generative AI industry.
Synthesia is also the only company in its class to conduct a comprehensive and public red team test of its AI video platform. The test took place in October 2024 and was organized by Humane Intelligence, a tech non-profit led by Dr Rumman Chowdhury, in collaboration with NIST, the US government agency responsible for innovation and industrial competitiveness.
About Synthesia
Synthesia is the world’s leading enterprise AI video communications platform. Over 1 million users across 60,000 businesses, including more than 60% of the Fortune 100, use it to communicate efficiently and share knowledge at scale using AI avatars. Founded in 2017, Synthesia is headquartered in London and makes video creation, collaboration and sharing easy for everyone. To learn more, visit www.synthesia.io
About NEA
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies.
Founded in 1977, NEA had over $25 billion in assets under management as of June 30, 2024. The firm invests in technology and healthcare companies at all stages of their lifecycle, from seed stage through IPO. Its long track record of investing includes over 280 portfolio company IPOs and more than 465 mergers and acquisitions. For more information, please visit www.nea.com.
About WiL
WiL (World Innovation Lab) is a venture capital firm that partners with leading global corporations and government entities in Japan and Asia. With offices in Palo Alto and Tokyo, WiL supports its portfolio companies by establishing strategic partnerships that enable US and European startups to scale globally and Japanese startups to innovate and globalize.
WiL invests in emerging technology spanning artificial intelligence, fintech, insurtech, automation and productivity, cybersecurity, cloud infrastructure, developer tools, health tech and sustainability. WiL invests in diverse venture capital funds and supports its LPs in corporate venture investment efforts. For more information, please visit www.wil.vc.
About Atlassian Ventures
Atlassian Ventures is Atlassian’s corporate venture capital arm, investing in its three core markets: Agile DevOps, IT Service Management and Work Management for All. As stage-agnostic investors, Atlassian Ventures’ portfolio ranges from early-stage startups building their first cloud app for the Atlassian Marketplace to pre-IPO partners scaling their businesses and impact across the Atlassian economy.
With portfolio companies in nearly 20 countries, Atlassian Ventures has had a global orientation since the fund was established in 2020. More information can be found at https://www.atlassian.com/ventures
About PSP Growth
PSP Growth is the venture arm of PSP Partners, a Chicago-based private investment firm that builds opportunities. The firm was founded by its Chairman, Penny Pritzker, an entrepreneur, civic leader, philanthropist, and former US Secretary of Commerce. PSP Growth invests in high-growth B2B technology businesses that are innovators and market leaders. We offer entrepreneurs unique insights and an extensive global network as they create and construct lasting, profitable enterprises.
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