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UK maker of AI avatars nearly doubles valuation to $4bn after funding round

Synthesia makes digital presenters for clients to use in corporate videos and counts 70% of FTSE 100 as customers

A British AI startup that makes realistic video avatars has almost doubled its valuation to $4bn (£3bn), in a boost for the UK technology sector.

Synthesia was valued at $2.1bn last year and moved into new offices in central London, marking the moment with a ceremony attended by the Sadiq Khan, the city’s mayor, and Peter Kyle, then technology secretary.

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Originally posted in the guardian.