British artificial intelligence startup Synthesia said Wednesday that it had raised a $180 million funding round led by NEA. The financing values the company at $2.1 billion, more than double the $1 billion valuation when Synthesia last raised funds in 2023.

London-based artificial intelligence start up Synthesia said it secured a valuation of $2.1bn, in a boost to the UK group’s effort to challenge global rivals in the race to build applications and tools based on generative AI.

AI video startup Synthesia has raised $180 million in Series D funding. Synthesia’s investors include Atlassian, NEA and Nvidia. Nvidia CEO Jensen Huang recently showcased