Colossyan is a

technology company A technology company (or tech company) is a company that focuses primarily on the manufacturing, support, research and development of—most commonly computing, telecommunication and consumer electronics–based—technology-intensive products and ...

that uses

generative artificial intelligence Generative artificial intelligence (Generative AI, GenAI, or GAI) is a subfield of artificial intelligence that uses generative models to produce text, images, videos, or other forms of data. These models Machine learning, learn the underlyin ...

(GenAI) to create corporate training videos.

History

Colossyan was established in

Denmark Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous a ...

in 2020 by Zoltan Kovacs, Kristof Szabo and Dominik Mate Kovacs, previously involved with the

deepfakes ''Deepfakes'' (a portmanteau of and ) are images, videos, or audio that have been edited or generated Generative artificial intelligence, using artificial intelligence, AI-based tools or AV editing software. They may depict real or fictional p ...

detection platform Defudger. The company launched its video generation platform in early 2021. In July 2021, the company secured €1 million in

seed funding Seed money, also known as seed funding or seed capital, is a form of securities offering in which an investor puts capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggests ...

. 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 An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital to a business or businesses, including startups, usually in exchange for convertible debt ...

Mikal Hallstrup and Akos Kapui. 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. 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.

Product

Colossyan is an AI video platform that enables companies to create training videos without equipment, utilizing

text-to-speech Speech synthesis is the artificial production of human speech. A computer system used for this purpose is called a speech synthesizer, and can be implemented in software or Computer hardware, hardware products. A text-to-speech (TTS) system conv ...

technology for human-like AI avatars that deliver material with realistic

lip syncing Lip sync or lip synch (pronounced , like the word ''sink'', despite the spelling of the participial forms ''synced'' and ''syncing''), short for lip synchronization, is a technical term for matching a speaking or singing person's lip movements ...

. 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. 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 The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company. It was founded by Bill Hewlett and David Packard in 1939 in a one-car garage in Palo Alto, Californi ...

BASF BASF SE (), an initialism of its original name , is a European Multinational corporation, multinational company and the List of largest chemical producers, largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Ge ...

BMW Bayerische Motoren Werke AG, trading as BMW Group (commonly abbreviated to BMW (), sometimes anglicised as Bavarian Motor Works), is a German multinational manufacturer of vehicles and motorcycles headquartered in Munich, Bavaria, Germany. Th ...

Novartis Novartis AG is a Swiss multinational corporation, multinational pharmaceutical company, pharmaceutical corporation based in Basel, Switzerland. Novartis is one of the largest pharmaceutical companies in the world and was the eighth largest by re ...

Porsche Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see below), is a German automobile manufacturer specializing in luxury, high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. Th ...

Vodafone Vodafone Group Public Limited Company () is a British Multinational company, multinational telecommunications company. Its registered office and global headquarters are in Newbury, Berkshire, England. It predominantly operates Service (economic ...

, Paramount, and other companies. The State of New Mexico also uses Colossyan to create educational video modules for residents.{{Cite web , date=20 September 2023 , title=Side view avatars arrive for more realistic training , url=https://learningnews.com/news/learning-news/2023/side-view-avatars-arrive-for-more-realistic-training , access-date=29 August 2024 , website=Learning News , language=en

References

Technology companies Video production companies Software companies of Denmark