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February 9, 2024

Colossyan Raises $22M to Transform Video Production

Colossyan, the groundbreaking AI-text-to-video platform hailing from London, has just wrapped $22 million

Colossyan, a pioneering AI-text-to-video platform based in London, is celebrating a significant milestone with the successful closure of a $22 million funding round. Spearheaded by Lakestar and joined by esteemed investors including Launchub, Day One Capital, and Emerge Education, this infusion of capital is poised to catapult Colossyan's product development efforts to new heights.

Building upon the foundation laid by a previous $5 million investment, this latest funding round comes as a testament to Colossyan's remarkable growth trajectory. With a staggering 600% year-on-year expansion and a prestigious client roster featuring industry giants like Porsche, Vodafone, and Paramount, Colossyan is solidifying its position as a formidable player in the AI-powered video production landscape.

Originally conceived as a synthetic video production tool catering to diverse sectors such as news and media, finance, and e-commerce, Colossyan has swiftly pivoted to carve out a niche in the realm of corporate training videos. CEO and co-founder Dominik Kovacs attributes this strategic shift to the invaluable insights gleaned from leaders in corporate training, sales enablement, and customer education.

At the core of Colossyan's success lies its commitment to innovation and customer-centricity. By incorporating feedback from its user base, Colossyan has honed its product offering to deliver unique features that elevate the user experience. With a focus on enhancing interactivity, Colossyan enables companies to transcend traditional video formats and create immersive experiences that resonate with audiences.

In essence, Colossyan epitomizes simplicity and efficiency in video production. By leveraging cutting-edge AI technology, users can effortlessly transform scripts into dynamic videos without the need for elaborate filming resources or professional actors. The result? A significant reduction in production costs and time, typically ranging from 70% to 80%, as attested by satisfied customers.

Reflecting on the investment, Lakestar partner Akis Bratsos underscores Colossyan's unparalleled execution, customer-centric ethos, and technological prowess. With a shared vision for continued expansion and innovation, Lakestar is poised to collaborate closely with Colossyan on its journey towards reshaping the future of video production.

Colossyan's latest funding round marks a pivotal moment in its evolution, reaffirming its commitment to revolutionizing video production and empowering businesses to unlock the full potential of AI-driven innovation.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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