EY leverages the Synthesia platform to generate videos for internal communications and client communication.
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The platform is currently used by many major companies to create internal communications and client communication. In December 2021, the startup generated 50M in Series B funding led by Kleiner Perkins with participation from GV, FirstMark Capital, LDV Capital, Seedcamp, MCC Ventures, and individual investors. Synthetic video creation tools can help fraudsters to create deepfakes, that remove a person in an existing video and replace them with someone else’s likeness. The synthetic videos also have risk elements associated with them. The startup is also working on an API that allows the enterprises to connect the platform to their systems and distribute the video.
The users also develop corporate communication videos using the Synthesia platform. Today, it announced the close of a 50 million Series B funding round led by Kleiner Perkins, with participation from GV and existing investors Firstmark Capital, LDV Capital, Seedcamp and MMC Ventures. The enterprise users leverage the tool to develop engaging and meaningful training and educational videos. Synthesia, a startup using AI to create synthetic videos, is walking a fine, but thus far prosperous, line between being creepy and being pretty freakin' cool. The platform also enables the users to personalize video to specific consumer segments. Synthesia, a startup that offers AI-based tool to create synthetic videos recently closed a 50 million Series B funding round.The avatars created by the platform walk a fine line between being creepy and being cool. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.
The avatar also pronounces different phonemes, the units of speech distinguishing one word from another. Synthesias latest funding round was a Incubator/Accelerator - II for on January 1, 2022. After pasting in a video script, the platform generates a video rapidly with custom backgrounds and an avatar that mimics a person’s facial movements. The users can type in a script, add other components including text, images, and shapes, and can generate the video without any video creation or editing skills.
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Nature of Disruption: The platform has more than 40 plus avatars in its gallery and supports over 50 plus languages. The platform also enables the users to upload a recording of their voice, which can be transformed to say anything the user wants. The users can leverage existing AI-generated avatars created from the performance of actors and can also create their own in minutes by uploading videos. The startup enables the users to turn text or a slide deck presentation into a video complete with a talking avatar. Synthesia claims that the new platform can create videos featuring an avatar that looks and feels like a real person.
The startup leverages AI technology to create visual chatbots, product demonstrations, and sales videos for enterprise clients.
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Concept: London’s software startup Synthesia has launched an AI video avatar platform that can create professional videos from a text in different languages.
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