HeyGen

HeyGen builds generative AI systems for video. Founded in 2020, the company operates a platform for producing studio-quality videos using AI-generated avatars, without cameras, actors, or editing expertise. Its technical work spans generative AI video, avatar modelling, synthetic media, and video translation and localization. The result is a workflow that cuts post-production time by 50% and saves roughly three hours per video compared with conventional production.

The product suite comprises the HeyGen Platform, its AI avatars for training, marketing, sales, and internal communications, and a translation function that dubs video across more than 175 languages and dialects, reducing translation costs by about 80% relative to traditional methods. Scale is considerable: more than 37 million videos have been created by some 15 million users, among them over 45,000 businesses. Customers include HubSpot, Workday, HP, Intel, Autodesk, JPMorgan, DHL, and Coursera.

HeyGen is backed by Benchmark, Conviction, Thrive Capital, and Bond, and carries a valuation of $500 million. The company has offices in Los Angeles, San Francisco, Palo Alto, and Toronto, and reports a global user base.