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Colossyan's AI-text-to-video platform attracts $22M in latest funding round

Feb 06, 2024almost 2 years ago

Amount Raised

$22 Million

LondonMachine LearningArtificial IntelligenceEducation

Investors

Emerge EducationDay One CapitalLaunchubLakestar

Description

Colossyan announced the successful completion of a new funding round at $22 million, led by Lakestar and with participation from existing investors Launchub, Day One Capital, and Emerge Education. The capital is allocated to further fueling Colossyan's product development.

Company Information

Company

Colossyan

Location

London, England, United Kingdom

About

Our easy-to-use AI video platform is reshaping the landscape of L&D content creation. Join top companies like P&G, Porsche, BDO, and Paramount and say goodbye to expensive filming, scheduling delays, and low engagement. Colossyan enables you to create training videos using AI at a fraction of the cost of traditional production, with higher effectiveness than text-only material.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech