Ad
Ad
Ad
Short

HeyGen, an AI video startup, has raised $60 million in a Series A funding round. The company is now valued at more than $500 million. The round was led by Benchmark. HeyGen lets companies create, localize and personalize videos without a camera or crew, using virtual avatars. According to the startup, it has been profitable since the second quarter of 2023 and has grown its annual revenue from one million to more than $35 million. Its customers include small businesses as well as Fortune 500 companies. HeyGen plans to use the fresh capital to expand its product offerings and invest in corporate security, AI ethics, trust and safety.

Ad
Ad
Ad
Ad
Short

According to Clément Delangue, CEO of Hugging Face, more founders are looking to sell their AI startups. Delangue says he is currently receiving inquiries from about ten founders a week who are interested in being acquired. Hugging Face itself recently announced the acquisition of Argilla for $10 million. This is the fourth acquisition for the New York startup, which raised $235 million from investors last year and is valued at $4.5 billion. Argilla develops software that allows people to collaboratively improve data sets to train artificial intelligence. Argilla's 13 employees will become part of Hugging Face, but will continue to operate independently under the same name.

Google News