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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.
HeyGen (@HeyGen_Official) raises $60M in Series A funding round led by Benchmark (@benchmark) 🎞🤖 https://t.co/gLgZ8bKOk0 #AI #news #startup #tech #funding
🔥 episode of @NoPriorsPod w/@joshua_xu_ just in time for the $60M Series A funding round for @HeyGen_Official! Topics: *Huberman *AI video, avatars and research approach *Commercial applications *Safeguarding against abuse *How AI video generation will change video creation https://t.co/9qioQglmDT
NEW from me: HeyGen, which lets anyone make a photorealistic avatar that can speak in their own voice, is worth $500M w/new funding. The startup is growing fast, but its rise also brings up concerns about how its technology may be used. https://t.co/giic9EcLwJ via @technology
