HeyGen raises $60M in Series A funding led by Benchmark to democratise video creation with AI

Jun 21, 2024•about 1 year ago

Amount Raised

$60 Million

Round Type

series a

Los AngelesNatural Language ProcessingMachine LearningVideoArtificial Intelligence

Investors

Sv AngelNeil MehtaAviv NevoElad GilDylan FieldConvictionBondThrive CapitalBenchmark

Description

HeyGen, an AI video generation platform, has raised $60M in Series A funding led by Benchmark, with Victor Lazarte joining the board. The funding will help HeyGen address the challenges of slow, expensive, and complex traditional video production methods by making video creation accessible to all businesses.

Company Information

Company

HeyGen

Location

Los Angeles, California, United States

About

HeyGen is an AI video generation platform that aims to democratize video creation by enabling businesses to create, localize, and personalize studio-quality videos within minutes. The platform also offers the ability to localize existing videos into 175 languages and regional dialects using AI voiceover and lip syncing, preserving the speaker’s natural voice and delivering it with natural lip movement in the target language. HeyGen has experienced significant growth, with an annual recurring revenue (ARR) increasing from $1 million to over $35 million in just over a year. The company is dedicated to empowering businesses of all sizes to leverage the power of visual storytelling.

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