附近上门

is the latest AI startup to raise a big round and hit a $1 billion valuation after a $90 million Series C.

The London-based startup allows companies to easily create instructional videos from text featuring stock or custom AI avatars without the need for actors, cameras or studios.

The new round was led by with investments from 鈥� 鈥檚 venture capital arm 鈥� and existing investors , , , , and .

鈥淲hile we weren鈥檛 actively looking for new investment, Accel and NVIDIA share our vision for transforming traditional video production into a digital workflow that will enable creators to bring their ideas, from training videos to Hollywood films, to life with only a Synthesia account,鈥� said Synthesia co-founder and CEO in a . 鈥淚鈥檓 delighted to have them on board as we accelerate our AI research efforts.鈥�

Synthesia says more than 12 million videos have been generated on its platform since its founding in 2017. The startup works with more than 50,000 companies worldwide.

The company has now raised more than $156 million, .

Nvidia鈥檚 AI moves

No big tech company may be benefiting more from the AI explosion than Nvidia 鈥� which recently became the .

Nvidia is leading the charge for chips with better processing to train large language models for AI 鈥� a race that will only get more heated as more AI applications are built and better infrastructure is necessary to support them.

The chip giant also has been making investment moves in the ecosystem surrounding AI. The company has made 19 different investments in VC-backed startups since the start of 2021, per 附近上门 . Those deals include participating in 鈥檚 $350 million Series B in March and Toronto-based 鈥檚 $270 million round in May.

Further reading:

• AI Investing Boom Is Not New To Tech Giants (At Least Not Their VC Arms)
• Salesforce Ventures Doubles Down On AI Investments

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