AI Video Startup HeyGen Valued at $500 Million in Funding Round

HeyGen, an artificial intelligence startup that lets users quickly create realistic-looking avatars, has raised $60 million in a funding round that values the company at $500 million.

The financing, set to be announced on Thursday, was led by Benchmark with participation from investors such as Conviction, Thrive Capital and Bond Capital. As part of the deal, Benchmark partner Victor Lazarte is joining HeyGen’s board. The funding amount was previously reported by The Information. To date, the startup has raised a total of $74 million.

Founded in 2020, HeyGen is one of a growing number of startups aiming to make it cheaper and ...