HeyGenrevenue, valuation & funding
Synthetic Media SoftwareLos Angeles, CaliforniaFounded 2020CEO Joshua Xu
HeyGen is a Synthetic Media Software company based in Los Angeles, founded in 2020.
HeyGen revenue & ARR
HeyGen's annual recurring revenue passed $200M in June 2026 (upstartsmedia.com). That is up 100% from $100M a year earlier.
All 4 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Mar 2023 | $1M | – |
| Jun 2024 | $35M | Press & News |
| Oct 2025 | $100M | X |
| Jun 2026 | $200M | upstartsmedia.com |
– source not recorded
HeyGen valuation
HeyGen is privately held, so there is no HeyGen stock to buy. Investors valued it at $500M in its June 2024 Series A, led by Benchmark.
HeyGen funding rounds & investors
HeyGen has raised $74.6M across three rounds since 2022. The latest was a $60M Series A in June 2024, led by Benchmark.
| Date | Round | Raised | Valuation | Led by | Source |
|---|---|---|---|---|---|
| Jun 2024 | Series A | $60M | $500M | Benchmark | heygen.com |
| Nov 2023 | Venture | $5.6M | – | – | |
| Nov 2022 | Seed | $9M | – | – | |
| Total raised | $74.6M |
HeyGen competitors
HeyGen competes most directly with Synthesia, Veed, D-ID and Vidnoz. It is the largest of the five by revenue.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
| HeyGen | $200M | $74.6M | 200 | – | 2020 |
 Synthesia | $100M | $536.6M | 737 | 55K | 2017 |
 Veed | $50M | $35M | 200 | 5.5K | 2018 |
 D-ID | $33.6M | $23M | 154 | 36 | 2017 |
 Vidnoz | $1.3M | – | 12 | – | 2020 |
#2 of 760 Synthetic Media Software companies by revenue · category median $1M · See the ranking
HeyGen CEO, founders & employees
Joshua Xu founded HeyGen in 2020 and runs it as CEO. HeyGen has 200 employees (October 2025, upstartsmedia.com estimate), up from 157 a year earlier.
- Joshua XuFounder & CEO
All 4 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Oct 2025 | Under 200EST. | upstartsmedia.com estimate |
| Jan 2025 | 157 | |
| Oct 2024 | 131 | |
| Oct 2023 | 18 | – |
HeyGen FAQ
What is HeyGen's revenue?
HeyGen's annual recurring revenue passed $200M in June 2026, according to upstartsmedia.com.
What is HeyGen's valuation?
Investors valued HeyGen at $500M in its June 2024 Series A, led by Benchmark, according to heygen.com.
How much funding has HeyGen raised?
HeyGen has raised $74.6M across three funding rounds. The latest was a $60M Series A in June 2024, led by Benchmark.
Who owns HeyGen?
HeyGen is privately held. Its lead investors include Benchmark.
How many employees does HeyGen have?
Upstartsmedia.com estimates HeyGen's headcount at about 200 (October 2025).
Who is the CEO of HeyGen?
Joshua Xu is the CEO of HeyGen and founded the company in 2020.
Who founded HeyGen?
Joshua Xu founded HeyGen in 2020.
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How this page is sourced
6 from public sources · 1 estimate. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Oct 7, 2026Data disclaimerReport a correctionClaim this profileRun HeyGen? Join the podcast