Jun 20, 04:47 PM

HeyGen Raises $60 Million in Series A Funding at $500 Million Valuation

HeyGen, an AI video startup, has raised $60 million in a Series A funding round led by Benchmark, valuing the company at $500 million. The funding round also saw participation from Thrive Capital, Bond Capital, and Conviction. This investment, which includes a $55 million contribution from Benchmark, brings HeyGen's total funding to $74 million. HeyGen's technology, developed by co-founders Joshua and Wayne, allows users to create realistic-looking avatars that can speak in their own voice, which has significant commercial applications. However, the rapid growth of the startup also raises concerns about potential misuse of its technology.