'As the year progressed, with the amazing growth on the business side and increased conviction in our case for how big this opportunity could be, we decided to double down on our vision.'ĪI has been having a moment in the sun ever since OpenAI's GPT-4 burst into view last November. Despite the wider market for tech valuations slumping in the past year, the startup's unicorn valuation was built on massive user growth and strong business fundamentals, according to Riparbelli. 'We've been at it for six years almost and it feels great because it gave us time to build the foundational tech, much of which we still use today,' Synthesia CEO Victor Riparbelli told Insider. The investment was led by Accel with investment from NVentures, NVIDIA's venture capital arm, confirming previous Insider reporting. The London-based company, founded in 2017, focuses on video production that is based on text and voice recordings that can create virtual avatars with authentic voices. Generative AI startup Synthesia has raised $90 million in new funding at a unicorn valuation. Synthesia is now valued at $1 billion, making it the latest AI unicorn despite the difficult market.The deal is led by Accel and NVentures, Nvidia's strategic investment arm, alongside existing backers.London-based generative AI firm Synthesia has raised $90 million in new funding.Account icon An icon in the shape of a person's head and shoulders.

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