HeyGen, a platform that uses AI to create videos for businesses, has raised $60 million at a $500 million post-money valuation in a series A fundraising round.
With participation from Thrive Capital, BOND, Conviction, Bond Capital, and other investors, Benchmark led the round. Benchmark’s Victor Lazarte has become a member of the board of directors.
With a total of $74 million raised, the company plans to use the money to grow both its business and operations.
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It is an AI video generation platform led by CEO Joshua Xu that lets organisations use their scripts to make studio-quality movies for marketing, communications, sales, learning & development, and more—all without the need for a camera, cast, or crew. With HeyGen’s AI voice and lip sync, users may also localise pre-existing videos into 175 languages and regional accents.
About HeyGen
HeyGen creates studio-caliber videos with AI-generated voices and avatars with ease. It’s goal is to enable everyone to engage with visual storytelling. Visual content has evolved over the past ten years to become the go-to means for creating, consuming, and remembering information.
