Colossyan, the brainchild of Dominik Mate Kovacs, aims to transform corporate training videos using the power of Generative AI (GenAI).
In a recent poll by Kaltura, 75% of employees admitted to skimming through or multitasking during training videos. Kovacs, the CEO, believes that leveraging AI can enhance engagement and make training videos more effective.
It utilizes AI to generate workplace learning videos by remixing, re-animating, and editing footage featuring virtual avatars against changeable backdrops. Users can input a script, and Colossyan’s text-to-speech (TTS) engine, which supports over 70 languages, brings the script to life. This AI-driven platform eliminates the need for conventional filming resources, making video creation efficient for companies.
Founded in 2020, it has attracted attention from major brands like Novartis, Porsche, Vodafone, HPE, and Paramount. The platform integrates with learning management systems and offers a “conversation mode” where two avatars can hold a dialogue.
Kovacs acknowledges competition in the GenAI video space but emphasizes Colossyan’s focus on interactivity and engagement as its unique selling proposition.
In a recent funding round led by Lakestar, they raised $22 million. The funds will be used to triple Colossyan’s headcount across its offices in New York, London, and Budapest. Additionally, the investment will support the development of new features, including branching videos and knowledge checks.
While Colossyan’s platform has gained traction among notable brands, its effectiveness in improving engagement and interactivity will be a key factor in setting it apart in the competitive GenAI video space.
The funding infusion positions Colossyan to further enhance its capabilities and address the challenges associated with traditional corporate training videos.