AI Startup Synthesia Hits $2.1 Billion Valuation With Round (1)

Synthesia, an artificial intelligence startup that lets businesses produce lifelike video avatars, has raised $180 million in a funding round making it one of Britain’s largest AI companies.

The Series D financing doubles the startup’s valuation to $2.1 billion, the company said on Wednesday. Venture capital firm NEA Management lead the round, which included Atlassian Ventures and Penny Pritzker’s investment vehicle. Prior backers GV and MMC Ventures also participated. To date, Synthesia has raised $330 million.

Formed in 2017, the London-based startup sells software that lets people quickly turn text prompts into videos starring ...