Colossyan, a London, UK-based AI video for workplace learning company, raised $22M in funding.
The round was led by Lakestar, with participation from Launchub, Day One Capital, and Emerge Education.
The company intends to use the funds to support its expansion plans, with a focus on hiring talent across various key roles including North American sales, customer success, growth product, and AI research.
Led by CEO Dominik Kovacs, Colossyan is an AI video market company specializing in solutions for workplace learning. Its AI technology offers personalized and interactive content and features for training video creation including side view avatars, real-time video generation, and the ability to produce multiple videos simultaneously.
The company has a team of 45 people.
Commenting on the news, Dominik Kovacs said: “Colossyan is dedicated to democratizing knowledge with affordable, interactive video creation, rapidly responding to consumer feedback. Our commitment goes beyond making videos; we enable the creation of interactive learning experiences tailored to our customers’ needs, and we pride ourselves on our speed in adapting and learning. This agility has been crucial to our growth. Our partnership with Lakestar, aligning with our vision, is a significant step in not just revolutionizing video production but doing so quickly to meet the growing demand for interactive learning, a key aspect of our AI research.
FinSMEs
06/02/2024