2023-12-18 16:42:04.AIbase.4.3k
HeyGen is Dissolving its Domestic Entity, Possibly Related to a New $5.6 Million Round of Financing
HeyGen's parent AI startup, Shiyun Technology, is seeking to dissolve its domestic entity through a resolution process. Recently, HeyGen secured $5.6 million in new financing led by Conviction Partners. Industry insiders analyze the motivations for such an overseas AI entity to de-China-ize as: better access to foreign customers, avoiding repression from foreign governments, etc. The founders of HeyGen graduated from prestigious American universities, and the product was originally aimed at the overseas market. HeyGen recently introduced new features that allow users to create videos within five minutes using their mobile phones.