HeyGen Raises $60M in Series A Funding at $500M Valuation

HeyGen is an AI video generation platform that enables businesses to create, localize, and personalize studio-quality videos without a camera, cast, or crew.

Source: HeyGen

Company Name: HeyGen
Location: Los Angeles, CA
Industry: AI Video Generation
Funding Details: Raised $60M in Series A funding at a $500M post-money valuation. The round was led by Benchmark with participation from Thrive Capital, BOND, Conviction, Bond Capital, and others. Victor Lazarte from Benchmark has joined the board of directors.
Purpose of Investment: The company intends to use the funds to expand operations and its business reach.
Leadership: Led by Joshua Xu, CEO. Additional executives include Dave King as Chief Business Officer, Rong Yan as Chief Technology Officer, and Lavanya Poreddy as Head of Trust and Safety.

Product: The platform supports the creation of videos for marketing, communications, sales, learning & development, and more. It also allows users to localize existing videos into 175 languages and regional dialects with AI voice and lip sync.

About Company: HeyGen has over 40,000 paying customers and has grown to over $35M in ARR in over a year, being profitable since Q2 2023. HeyGen is an AI video generation platform that enables businesses to create, localize, and personalize studio-quality videos without a camera, cast, or crew.

Gracia AI Raises $1.2M in Seed Funding to Revolutionize Volumetric Video Creation

Gracia AI is setting new standards in media creation, offering professional creators and media companies the tools to produce photorealistic, interactive volumetric videos.

Enveda Biosciences Secures $55M in Series B2 Funding to Advance AI-Powered Drug Discovery

Enveda Biosciences is at the forefront of integrating AI technologies into the drug discovery process, specifically leveraging the vast untapped potential of natural products.

Constructor Raises $25M in Series B to Boost AI-Powered e-commerce Discovery

Constructor is a leader in providing AI-first solutions for ecommerce, focusing on personalized and effective product discovery to enhance conversion and profitability.

Read next