AI Video Platform Colossyan Announces $22M Series A
Gunderson Dettmer represented client Colossyan, an AI video platform for workplace learning, in its $22 million Series A financing led by Lakestar. Colossyan’s platform personalizes and automates video creation for sales communication and content marketing, enabling clients to engage with customers increase retention, and build a better relationship with customers. The new capital will be used to enhance its presence in the AI-driven video production market.
In the announcement of the transaction, CEO and founder of Colossyan Dominik Kovacs said, “Our journey so far has been remarkable, with a 600% growth last year alone. We now help thousands of companies including Novartis, Vodafone, and Paramount change the way they create training videos. Customers regularly save up to 90% of their costs, while producing videos 80% faster and we're just getting started.”
The Gunderson Dettmer deal team was led by Rich Hesp and included EJ Johnson and Shane Visram.