AI startup Synthesia is in talks with the Accel Foundation for a deal that could value it at about $1 billion.

AI VC Investment

Link copied

09:57 | 28 April 2023

AI startup Synthesia is in talks with the Accel Foundation for a deal that could value it at about $1 billion.

The London-based company, founded in 2017, allows users to create professional videos with a virtual avatar of text in 120 different languages in less than 15 minutes. Users can enter text and record their own voice, which are then used to create synthetic video content that can be manipulated to create realistic virtual presenters with authentic voices.

Negotiations are currently underway with the U.S. venture capital giant Accel to raise investment. The deal is not yet closed, so details and figures have not yet been determined.

Synthesia previously raised $50 million in Series B funding in December 2021, led by Kleiner Perkins and with participation from GV. Dealroom estimated that deal valued the company at $191 million to $286 million, meaning that potential new funding could quadruple Synthesia’s valuation.

Synthesia’s high quality AI video has raised fears of deep fakes and tampering. The startup gained notoriety when former soccer player David Beckham was animated and spoke in nine different languages for a public health campaign called “Malaria Must Die” in 2021.

Naturally, such a product could be used to spread misinformation or create dangerous content. Because of this, the company has previously insisted that the technology is available only through its platform, which it can control, and Synthesia has stated that it will not be available for public use.

We hope you found the information useful. Stay tuned for more information.

Uncategorized

15:17 | Aug 12, 2024

Alibaba's new AI models beat GPT-4o in math

Alibaba has launched a group of large language models (LLMs) with a focus on math called Qwen2-Math that “outperforms GPT-4o […]

Uncategorized

19:11 | Apr 05, 2024

Toncoin enters top 10 crypto by market capitalization, overtakes Avalanche

Toncoin, The Open Network’s native cryptocurrency token, has once again entered the list of the 10 most significant coins by […]

Hereby "Global Venture Partners s.r.o." notifies that it carries out its activities in accordance with paragraph 1 of article 15, the law on investment companies and investment funds of 19.06.2019. Listed in the ZISIF § 15 para. 1 asset management list managed by the CNB in accordance with § 596 (1) CRR. (F) ZISIF.

IČO: 08241473. LEI: 5493003MKEWYLZ837883...
This information on the site is not an individual investment recommendation, and the financial instruments or transactions mentioned in this material may not correspond to your investment profile, financial situation, investment experience, investment goals. Determining the compliance of a financial instrument or transaction with investment objectives, investment horizon and risk tolerance is the task of the investor
Venture fund Global Venture Partners s.r.o. is not responsible for possible losses of the investor in case of investing in the financial instruments mentioned in this material and does not recommend using the specified information as the only source of information when making an investment decision.
* The Venture Fund does not provide guarantees regarding the reliability and accuracy of the information provided, none of the assumptions contained in this material can be interpreted as a guarantee of investment reliability, income stability and possible benefits associated with management methods or the choice of specific financial instruments. The value of investment products may increase and decrease, the results of investing in the past do not determine future income, the company does not guarantee the profitability of investments in investment funds. All information about the profitability (value gain) of the product managed by Global Venture Partners s.r.o. are quoted excluding commissions and taxes. Charging a commission will reduce the return on investment in investment products. Before purchasing an investment product, you should carefully read the rules of trust management for this product. Services for transactions with foreign securities are available to persons who are qualified investors in accordance with applicable law and are performed in accordance with the restrictions established by applicable law.

Show

Hide