June 13 (Reuters) - Synthesia, a UK-based artificial intelligence (AI) startup, said on Tuesday it has raised about $90 million at a valuation of $1 billion from a funding round led by venture capital firms Accel and Nvidia-owned (NVDA.O) NVentures.
The startup's technology helps more than 50,000 businesses including Amazon.com (AMZN.O) in creating custom AI avatars used in instructional and corporate videos.
AI startups have emerged as a bright spot for investments this year amid a wider slowdown in funding caused by rising interest rates and high inflation.
However, the hype around AI has also deepened concerns that video platforms could be used to create deepfakes, a realistic or fabricated video or image created by AI algorithms trained on copious online footage.
Riparbelli has said that six-year-old Synthesia navigates the issue by only creating avatars of people who have consented.
Persons:
Victor Riparbelli, Riparbelli, Jaspreet Singh, Devika
Organizations:
Accel, Nvidia, Amazon.com, NVIDIA, Thomson
Locations:
Bengaluru