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Full-Time

Business Development

Partnerships

Posted on 5/20/2024

HeyGen

HeyGen

51-200 employees

AI video editor for professional content creation

Consumer Software
Enterprise Software
AI & Machine Learning
Entertainment

Expert

San Francisco, CA, USA

Category
Business Development
Business & Strategy
Required Skills
Market Research
Communications
Requirements
  • 10+ years of business development experience with a focus on strategic OEM partnerships
  • Strong understanding of the technology sector and software industry
  • Excellent negotiation, communication, and interpersonal skills
  • Ability to build and maintain strong relationships with key stakeholders
  • Result-oriented with proven track record of driving post-deal value
  • Ability to work effectively in a fast-paced, dynamic environment
Responsibilities
  • Identify and prioritize potential OEM partners in the technology sector that align with our goals
  • Build and cultivate strong relationships with key executives, product leaders, and gtm leaders at current and future partner organizations
  • Work with product, engineering and design teams on both sides to prototype solutions
  • Negotiate and close OEM agreements, ensuring mutually beneficial terms for both parties
  • Develop and execute a comprehensive OEM partnership strategy to achieve revenue and growth targets
  • Conduct market research to stay informed about industry trends, competitor activities, and emerging opportunities
  • Represent HeyGen at industry events, conferences, and trade shows to support our partners

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. 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 continuously updating the platform. The goal of HeyGen is to simplify video content creation, making it accessible and efficient for a wide range of clients.

Company Stage

N/A

Total Funding

$77.6M

Headquarters

Los Angeles, California

Founded

2020

Growth & Insights
Headcount

6 month growth

76%

1 year growth

179%

2 year growth

378%
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Simplify's Take

What believers are saying

  • Heygen's rapid growth from $1M to over $35M in ARR within a year and profitability since Q2 2023 indicate strong financial health and market demand.
  • The recent $60M Series A funding round, led by Benchmark and other prominent investors, provides significant capital for product development and market expansion.
  • Collaborations with major entities like Sinclair for AI translation showcase Heygen's potential for high-impact partnerships.

What critics are saying

  • The competitive landscape of AI-driven video content creation is intensifying, requiring Heygen to continuously innovate to maintain its edge.
  • Reliance on subscription fees means that any downturn in customer acquisition or retention could impact revenue stability.

What makes HeyGen unique

  • Heygen leverages AI to create professional spokesperson videos without human actors, offering a unique solution in the digital content creation market.
  • The platform's ability to provide automatic translations and diverse accents sets it apart from traditional video production services.
  • Heygen's subscription-based model ensures a steady revenue stream, allowing for continuous updates and customer support.
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