Synthesia becomes UK’s biggest GenAI company with $2.1B valuation

Synthesia has claimed the crown of Britain’s biggest GenAI company after raising $180mn at a $2.1bn valuation. The London-based business generates lifelike avatars for video content. Enterprises use the software to produce training content and corporate communications. The tech has made Synthesia a leader in the burgeoning synthetic media industry. According to the startup, over 60,000 businesses are customers — including more than 60% of the Fortune 100. Investors have also shown a growing interest. In 2023, Synthesia earned unicorn status after securing $90 million in Series C funding at a valuation of $1 billion.  The latest cash injection creates another…

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