Colossyan
{{Short description|Technology company}}
{{Use dmy dates|date=August 2024}}
{{Infobox company
| name = Colossyan
| type = Private
| industry = Technology
| founded = {{Start date and age|2020}}
| founder = {{Unbulleted list|Zoltan Kovacs|Kristof Szabo|Dominik Mate Kovacs}}
| hq_location = New York, London, Budapest
| key_people = Dominik Mate Kovacs (CEO)
| website = {{URL|https://www.colossyan.com/}}
}}
Colossyan is a technology company that uses generative artificial intelligence (GenAI) to create corporate training videos.{{Cite web |last=Wiggers |first=Kyle |date=6 February 2024 |title=Colossyan uses GenAI to create corporate training videos |url=https://techcrunch.com/2024/02/06/colossyan-uses-genai-to-create-corporate-training-videos/ |access-date=29 August 2024 |website=TechCrunch |language=en-US}}{{Cite web |last=Dobrea |first=Loredana |date=19 July 2024 |title=The Biggest Funding Rounds in Hungary in H1 2024 – Colossyan Leading the Way |url=https://therecursive.com/the-biggest-funding-rounds-in-hungary-in-h1-2024-colossyan-leading-the-way/ |access-date=29 August 2024 |website=TheRecursive.com |language=en-GB}}{{Cite web |date=21 July 2021 |title=Nem akarjuk, hogy elszabaduljon a technológia – magyar csapat dolgozik rajta, így lesz a deepfake videókból etikus üzlet |url=https://forbes.hu/napi-cimlap/deepfake-szintetikus-media-startup-befektetes-colossyan/ |access-date=29 August 2024 |website=Forbes.hu |language=hu}}
History
Colossyan was established in Denmark in 2020 by Zoltan Kovacs, Kristof Szabo and Dominik Mate Kovacs, previously involved with the deepfakes detection platform Defudger.{{Cite web |last=Ohr |first=Thomas |date=21 July 2021 |title=Berlin-based Colossyan raises €1 million to assist more businesses with its AI video generation tool |url=https://www.eu-startups.com/2021/07/berlin-based-colossyan-raises-e1-million-to-assist-more-businesses-with-its-ai-video-generation-tool/ |access-date=29 August 2024 |website=EU-Startups |language=en-US}} The company launched its video generation platform in early 2021. 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.{{Cite web |date=1 April 2022 |title=So kannst du mit einem Deepfake von Meme-Harold deine Freunde pranken |url=https://t3n.de/news/april-april-deepfake-freunde-1463133/ |access-date=29 August 2024 |website=t3n Magazin |language=de}}{{Cite web |date=21 July 2021 |title=Synthetic video production startup Colossyan raises €1 million, promises alignment with "ethical standards" |url=https://tech.eu/2021/07/21/synthetic-video-production-startup-colossyan-raises-e1-million-promises-alignment-with-e2808be2808bethical-standards/ |access-date=29 August 2024 |website=Tech.eu |language=en-GB}}
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.{{Cite web |last=Slonkova |first=Eva |date=27 February 2023 |title=Text-To-Video Solution Colossyan Secures $5M Series A to Elevate Content Creation With Generative AI |url=https://therecursive.com/colossyan-secures-5m-series-a-to-elevate-content-creation-with-generative-ai/ |access-date=29 August 2024 |website=TheRecursive.com |language=en-GB}}{{Cite web |date=28 February 2023 |title=Colossyan raises £4m in latest UK generative AI funding round |url=https://www.uktech.news/ai/colossyan-funding-20230228 |access-date=29 August 2024 |website=UKTN |language=en-GB}}{{Cite web |last=Slonkova |first=Eva |date=3 July 2023 |title=Top 5 Largest Funding Rounds in Hungary in H1 2023 |url=https://therecursive.com/hungary-largest-funding-rounds-2023/ |access-date=29 August 2024 |website=TheRecursive.com |language=en-GB}}
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.{{Cite web |date=6 February 2024 |title=Colossyan raises $22M to grow its AI-powered corporate training video production platform |url=https://siliconangle.com/2024/02/06/colossyan-raises-22m-grow-ai-powered-corporate-training-video-production-platform/ |access-date=29 August 2024 |website=SiliconANGLE |language=en-US}}{{Cite web |last=Atanasova |first=Teodora |date=6 February 2024 |title=Hungarian Colossyan Raises $22 M Series A to Enhance Its Presence on the AI-driven Video Production Market |url=https://therecursive.com/hungarian-colossyan-raises-22-m-series-a-to-enhance-its-presence-on-the-ai-driven-video-production-market/ |access-date=29 August 2024 |website=TheRecursive.com |language=en-GB}}{{Cite web |last=Colossyan |date=6 February 2024 |title=Colossyan Raises $22 Million Amid Leading Growth in AI Video Industry |url=https://www.startuphub.ai/colossyan-raises-22-million-amid-leading-growth-in-ai-video-industry/ |access-date=29 August 2024 |website=StartupHub.ai |language=en-US}}
Product
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.
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.{{Cite web |date=22 May 2024 |title=KI-Avatare für Videos: Diese Tools helfen dir bei der Contentproduktion |url=https://t3n.de/news/ki-avatare-videos-tools-content-produktion-1625454/ |access-date=29 August 2024 |website=t3n Magazin |language=de}}{{Cite web |last=Hiter |first=Shelby |date=22 February 2024 |title=10 Best AI Video Generators 2024 |url=https://www.eweek.com/artificial-intelligence/best-ai-video-generators/ |access-date=29 August 2024 |website=eWEEK |language=en-US}} 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}}