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Colossyan
Company typePrivate
IndustryTechnology
Founded2020; 4 years ago (2020)
Founder
  • Zoltan Kovacs
  • Kristof Szabo
  • Dominik Mate Kovacs
HeadquartersNew York, London, Budapest
Key people
Dominik Mate Kovacs (CEO)
Websitewww.colossyan.com

Colossyan is a technology company that uses generative artificial intelligence (GenAI) to create corporate training videos.[1][2][3]

History

[edit]

Colossyan was established in Denmark in 2020 by Zoltan Kovacs, Kristof Szabo and Dominik Mate Kovacs, previously involved with the deepfakes detection platform Defudger.[1][4][3] The company launched its video generation platform in early 2021.[4] In July 2021, the company secured €1 million in seed funding. Investors included Day One Capital, Oktogon Ventures, the early-stage VC fund APX, which is backed by Axel Springer and Porsche, as well as angel investors Mikal Hallstrup and Akos Kapui.[5][4][6]

In 2023, the company secured $5 million in Series A round. The round was led by Bulgarian Launchub Ventures and backed by UK L&D specialist Emerge Education together with the participation of previous round's investors Day One Capital, Oktogon Ventures, and APX.[7][8][9]

In February 2024, Colossyan raised $22 million in a funding round led by Lakestar, with additional participation from Launchub, Day One Capital, and Emerge Education.[1][10][11][12]

Product

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Colossyan is an AI video platform that enables companies to create training videos without equipment, utilizing text-to-speech technology for human-like AI avatars that deliver material with realistic lip syncing. Users input scripts, which the TTS engine, supporting over 70 languages, reads aloud, facilitating the production of multilingual content. The platform includes various AI avatars, voices, and customizable backdrops, and allows the incorporation of multiple-choice quizzes to assess viewer understanding and engagement. The conversation mode enables creating scenarios where multiple avatars interact.[1][13][14]

The platform supports over 70 languages, offers custom avatars, and includes features such as conversation mode and multiple-choice quizzes for assessing viewer engagement. Colossyan is used by Hewlett Packard, BASF, BMW, Novartis, Porsche, Vodafone, Paramount, and other companies.[1][13][14] The State of New Mexico also uses Colossyan to create educational video modules for residents.[15]

References

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  1. ^ a b c d e Wiggers, Kyle (6 February 2024). "Colossyan uses GenAI to create corporate training videos". TechCrunch. Retrieved 29 August 2024.
  2. ^ Dobrea, Loredana (19 July 2024). "The Biggest Funding Rounds in Hungary in H1 2024 – Colossyan Leading the Way". TheRecursive.com. Retrieved 29 August 2024.
  3. ^ a b "Nem akarjuk, hogy elszabaduljon a technológia – magyar csapat dolgozik rajta, így lesz a deepfake videókból etikus üzlet". Forbes.hu (in Hungarian). 21 July 2021. Retrieved 29 August 2024.
  4. ^ a b c Ohr, Thomas (21 July 2021). "Berlin-based Colossyan raises €1 million to assist more businesses with its AI video generation tool". EU-Startups. Retrieved 29 August 2024.
  5. ^ "So kannst du mit einem Deepfake von Meme-Harold deine Freunde pranken". t3n Magazin (in German). 1 April 2022. Retrieved 29 August 2024.
  6. ^ "Synthetic video production startup Colossyan raises €1 million, promises alignment with "ethical standards"". Tech.eu. 21 July 2021. Retrieved 29 August 2024.
  7. ^ Slonkova, Eva (27 February 2023). "Text-To-Video Solution Colossyan Secures $5M Series A to Elevate Content Creation With Generative AI". TheRecursive.com. Retrieved 29 August 2024.
  8. ^ "Colossyan raises £4m in latest UK generative AI funding round". UKTN. 28 February 2023. Retrieved 29 August 2024.
  9. ^ Slonkova, Eva (3 July 2023). "Top 5 Largest Funding Rounds in Hungary in H1 2023". TheRecursive.com. Retrieved 29 August 2024.
  10. ^ "Colossyan raises $22M to grow its AI-powered corporate training video production platform". SiliconANGLE. 6 February 2024. Retrieved 29 August 2024.
  11. ^ Atanasova, Teodora (6 February 2024). "Hungarian Colossyan Raises $22 M Series A to Enhance Its Presence on the AI-driven Video Production Market". TheRecursive.com. Retrieved 29 August 2024.
  12. ^ Colossyan (6 February 2024). "Colossyan Raises $22 Million Amid Leading Growth in AI Video Industry". StartupHub.ai. Retrieved 29 August 2024.
  13. ^ a b "KI-Avatare für Videos: Diese Tools helfen dir bei der Contentproduktion". t3n Magazin (in German). 22 May 2024. Retrieved 29 August 2024.
  14. ^ a b Hiter, Shelby (22 February 2024). "10 Best AI Video Generators 2024". eWEEK. Retrieved 29 August 2024.
  15. ^ "Side view avatars arrive for more realistic training". Learning News. 20 September 2023. Retrieved 29 August 2024.
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