HeyGen provides an AI video editor that enables users to create professional spokesperson videos without needing human actors. The platform uses AI-generated avatars, allowing clients to produce high-quality video content quickly and affordably. Users can create various types of videos, such as explainer videos, promotional materials, and educational content, by selecting from different virtual actors and applying automatic translations with various accents to reach diverse audiences. HeyGen operates on a subscription model, offering different service levels to accommodate both small businesses and larger enterprises. This approach ensures a steady revenue stream while allowing for continuous updates and customer support, making the video creation process more accessible and efficient compared to traditional methods.

IDG Capital

Baidu Ventures

ZhenFund

HongShan

Conviction VC

Conviction Partners

SV Angel

Thrive Capital

Benchmark

BOND

Consumer Software

AI & Machine Learning

HeyGen

Synthesia, which generates more than half of its revenue from the U.S., is a major player in the growing AI video avatar space and competes with startups such as Colossyan, HeyGen and Veed.

Synthesia hits $2.1 billion in valuation after latest fundraise

HeyGen, an AI video generation platform for businesses, raised $60M in Series A led by Benchmark with participation from Thrive Capital, BOND, Conviction, Dylan Field, Elad Gil, Aviv Nevo, Neil Mehta, and SV Angel among others.

HeyGen: AI-Based Video Generation Platform Company Closes $60 Million In Series A At Over $500 Million Valuation

HeyGen, an AI video creation platform has now raised $60M in Series A funding, led by Benchmark, with Victor Lazarte joining the board.

US-based HeyGen raises $60M to democratise video creation with AI — TFN

HeyGen, an AI startup, raised $60M in Series A funding, valuing the company at $500M. The round was led by Benchmark, with Victor Lazarte joining the board. Other investors include Thrive Capital, BOND, and SV Angel. HeyGen has grown from $1M to over $35M in ARR in a year and has been profitable since Q2 2023. New executives include Dave King as Chief Business Officer, Rong Yan as CTO, and Lavanya Poreddy as Head of Trust and Safety. The funds will enhance their product roadmap and investments in security and ethics.

HeyGen Raises $60M for Visual Storytelling

HeyGen, an AI video startup, has raised $60 million in funding, bringing its valuation to $500 million.

HeyGen Raises $60M, Valued at $500M

In the marketing arena, where creativity and innovation are paramount, a new contender is emerging: generative artificial intelligence (GenAI). Capable of producing content such as Pixar-style animations, this technology is now targeting the business sector with a focus on advertising. According to a recent report by venture capital firm Andreessen Horowitz, generative AI is on the cusp of transforming the commerce landscape. As consumer behavior becomes increasingly fragmented across digital channels, marketers are faced with the daunting task of creating personalized campaigns at scale and are looking to GenAI to fill the gap. The financial implications of this AI-driven shift are staggering. McKinsey estimates that GenAI could boost annual global productivity in marketing and sales by a whopping $3.3 trillion

Ai Marketers: The New Mad Men?

Start-up stakes are being sold to American investors in anticipation of Washington restricting foreign ownership

US tech sector pressures Chinese venture capital to divest

HUNT VALLEY, Md. - Sinclair, Inc. (
NASDAQ
: SBGI), a diversified media company, has announced its collaboration with HeyGen, a generative AI video company, to translate the Tennis Channel series "Petko Unfiltered" into Spanish using advanced AI technology.

Sinclair adds AI translation for Tennis Channel series

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEOpenAI, the AI company behind dominant generative AI tool ChatGPT, has unveiled a new voice cloning technology it calls "Voice Engine." This audio model can replicate a person's voice, intonation, and other distinctly human speech patterns based on a relatively small sample of original audio."It is notable that a small model with a single 15-second sample can create emotive and realistic voices," the company says in its Friday blog post.For comparison, AI voice platform ElevenLabs features an instant voice cloning tool that requires samples of at least one minute. For best results, nearly 10 minutes of continuous speech is needed for its professional service level.The company showed different examples of what this technology is capable of doing. In one example, the voice of a young patient who lost much of her ability to speak due to a vascular brain tumor was cloned using an older recording she made for a school project. This is how she sounds today, according to OpenAI.ADADOpenAI worked with Lifespan, a nonprofit affiliated with the medical school at Brown University and the creators of a tool called Livox, an “alternative communication app” built for people with disabilities. The team was able to work with a recording that the woman made for a school presentation:The Open AI Voice Engine was then able to provide instant text-to-speech capability that would allow the patient to effectively speak with her own voice:OpenAI also showcased how HeyGen is using its technology to generate natural-sounding translations of speech uploaded in a specific language in another language.The company says Voice Engine was first developed in late 2022 and is already being used to power the preset voices available in OpenAI's text-to-speech API, as well as ChatGPT’s Voice and Read Aloud feature

New ‘Voice Engine’ From Openai Needs Only 15 Seconds To Clone Speech

HeyGen, a three-year-old startup that uses artificial intelligence to generate avatars and voices for videos, is raising $60 million at a pre-investment valuation of $440 million, six times higher than the startup’s valuation four months ago, according to a person with direct knowledge of the ...

Benchmark to Lead Investment in AI Video Startup HeyGen at $440 Million Valuation

AI video editor for professional content creation

HeyGen

AI video editor for professional content creation

HeyGen

AI video editor for professional content creation

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