Insider Brief
- Synthesia has surpassed $100 million in annual recurring revenue and secured a strategic investment from Adobe Ventures, becoming the UK’s largest generative AI company by revenue, according to the company.
- The growth was driven by expanded use among existing enterprise customers, new client acquisition including over 70% of the Fortune 100, and continued product innovation with enterprise-level security.
- UK Science Secretary Peter Kyle said Synthesia exemplifies how British AI firms can flourish globally, calling the company “a prime example of a British AI company becoming a global success story.”
PRESS RELEASE — Synthesia, the global AI video platform for enterprises, announces it has reached over $100 million in annual recurring revenue (ARR) and received a strategic investment from Adobe Ventures, making it the UK’s largest generative AI company by revenue and one of the few European companies to become a global leader in AI: http://synthesia.io/post/100-million-revenue-adobe-investment
This achievement comes as a result of three growth drivers:
Expansion and increased utilization from existing customers: Thousands of organizations on Synthesia’s enterprise plans use the platform on a daily basis to create videos for employee training, learning and development, product marketing, customer support or sales enablement.
Acquisition of new customers across all pricing plans: Today, more than 70% of the Fortune 100 are Synthesia customers, up from 40% two years ago.
Continuous platform innovation with enterprise-grade security: Synthesia’s advanced products and features, including assisted creation tools, AI-powered localization, live collaboration, and the AI screen recorder, combine to form end-to-end solutions that address complex business needs and come with enterprise-grade security baked in.
“We are incredibly proud to announce these milestones,” said Victor Riparbelli, CEO and co-founder of Synthesia. “Reaching $100 million in ARR underscores the significant value and impact our AI video platform and solutions bring to enterprises and the shared determination of our team to build a generational software business. The Adobe Ventures investment represents a powerful endorsement of our vision for enterprise-grade video communications, enabling us to deliver even greater innovation and customer value.”
UK Secretary of State for Science, Innovation, and Technology, Peter Kyle said: “It’s great to see a yet another British tech company attracting international investment – and that’s in part because we’re creating the environment where home-grown companies and innovators can flourish and do what they do best. Synthesia are living proof of how that approach is working. Through this investment and with their annual revenue stream now topping more than $100 million, Synthesia represent a prime example of a British AI company becoming a global success story.’’
