Colossyan, a developer of AI video for workplace learning, has secured more than £17 million in funding.
The round was led by Lakestar, with participation from Launchub, Day One Capital, and Emerge Education.
Colossyan plans to make strategic hires for North American sales, client support and R&D.
The company has pioneered features for training video creation including side view avatars, real-time video generation and the ability to produce multiple videos simultaneously.
“This investment emphasises our confidence in the AI-driven corporate learning market and Colossyan’s robust path to revolutionise this field,” said Akis Bratsos, partner at Lakestar.
“Colossyan’s exceptional growth and distinctive features position the company as a true frontrunner, reshaping the future of corporate education. We are pleased to embark on this journey with the Colossyan team.”
The startup has experienced 600% year-on-year growth over the past year and counts Porsche, Vodafone and Paramount as part of its growing list of clients.
Its team has grown substantially from 15 to 45 in the past year alone.
Dominik Kovacs, CEO, added: “Colossyan is dedicated to democratising 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 revolutionising video production but doing so quickly to meet the growing demand for interactive learning, a key aspect of our AI research.”