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22 Dec 2023

AI Dominates Creator Economy with $800M in Venture Capital

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In 2023, AI-driven startups [revolutionized the creator economy](https://www.theinformation.com/articles/the-creator-economys-year-in-charts) by offering services for video, sound, and image generation and editing. Despite an overall funding slowdown, these companies attracted substantial venture capital. [Runway](https://runwayml.com/) leads with $235M in funding, followed by [Synthesia](https://www.synthesia.io/) and [Descript](https://www.descript.com/) with $156M and $100M, respectively. The sector now comprises 27 companies with a collective venture capital of over $800 million.