Synthesia is is the world’s leading AI video platform that transforms written text into professional-quality videos. By eliminating the need for traditional video production elements such as cameras, actors, and editing software, Synthesia simplifies the video creation process. Businesses can leverage its tools to produce visually engaging and highly customized videos tailored to specific audience needs. With faster, more cost-effective, and accessible video production, Synthesia empowers organizations of all sizes to integrate the power of video into their communication strategies effectively.
Adobe’s venture capital arm has injected an undisclosed amount of funds into Synthesia in a “strategic” partnership. In addition to the investment from Adobe, Synthesia also announced that it hit $100 million in annual recurring revenue.
Synthesia, headquartered in London, England, United Kingdom, was founded in 2017 by Lourdes Agapito, Matthias Niessner, Steffen Tjerrild, and Victor Riparbelli. In 2023, the company joined the unicorn club. Synthesia operates in diverse markets, including marketing, education, corporate training, customer support, and media, providing tailored video solutions to meet the unique needs of each industry. "We are incredibly proud to announce these milestones," said Victor Riparbelli, CEO and co-founder of Synthesia. "Reaching $100 million in ARR underscores the significant value and impact our AI video platform and solutions bring to enterprises and the shared determination of our team to build a generational software business. The Adobe Ventures investment represents a powerful endorsement of our vision for enterprise-grade video communications, enabling us to deliver even greater innovation and customer value."
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