Benchmark is investing $60 million in HeyGen, an AI video startup with a valuation of $440 million. This is six times HeyGen's valuation four months ago, reports The Information. The startup, which was founded in China and is now based in Los Angeles, uses AI to create avatars with lip-synced voices. According to The Information, the startup has annual revenue of more than $20 million, up significantly from $1 million a year ago. HeyGen targets business customers and competes with other AI video startups such as Synthesia and Runway. The three-year-old company has ties to Chinese investors, which has raised national security concerns among U.S. officials. HeyGen is reportedly trying to distance itself from its Chinese backers.
Ad
Support our independent, free-access reporting. Any contribution helps and secures our future. Support now:
Sources
News, tests and reports about VR, AR and MIXED Reality.
Playstation VR 2: New VR games coming in August 2024
The new Wallace & Gromit DLC for Walkabout Mini Golf VR is out now
SteamVR: New PC VR games coming in August 2024
MIXED-NEWS.com
Join our community
Join the DECODER community on Discord, Reddit or Twitter - we can't wait to meet you.