Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates that HeyGen hit $205M in annual recurring revenue (ARR) in June 2026, up from $123M at the end of 2025.</li><li>HeyGen was valued at $500 million following its Series A funding round in 2023.</li><li>HeyGen's product strategy hinges on speed-to-value and ease of use—the platform launched "Instant Avatar" in November 2023, compressing avatar creation from days to 5 minutes.</li></ul>

Sacra estimates that HeyGen hit $205M in annual recurring revenue (ARR) in June 2026, up from $123M at the end of 2025.HeyGen was valued at $500 million following its Series A funding round in 2023.HeyGen's product strategy hinges on speed-to-value and ease of use—the platform launched "Instant Avatar" in November 2023, compressing avatar creation from days to 5 minutes.

<ul><li>Sacra estimates OpenArt hit $100M ARR in June 2026, up 43% from $70M at the end of 2025 and 400% YoY from $20M in June 2025.</li><li>OpenArt raised $30M in a Series A round led by Canaan Partners in January 2026, with participation from Basis Set Ventures and DCM Ventures.</li><li>OpenArt's expansion into video represents a natural evolution of their core competencies in image generation.</li></ul>

Sacra estimates OpenArt hit $100M ARR in June 2026, up 43% from $70M at the end of 2025 and 400% YoY from $20M in June 2025.OpenArt raised $30M in a Series A round led by Canaan Partners in January 2026, with participation from Basis Set Ventures and DCM Ventures.OpenArt's expansion into video represents a natural evolution of their core competencies in image generation.

<ul><li>Sacra estimates that Synthesia hit $146 million in ARR in September 2025, up from $88M ARR at the end of 2024.</li><li>In January 2026, Synthesia closed a $200M Series E round led by GV that valued the company at $4B post-money.</li><li>Synthesia operates a B2B SaaS model with tiered subscription pricing based on usage limits and feature access.</li></ul>

Sacra estimates that Synthesia hit $146 million in ARR in September 2025, up from $88M ARR at the end of 2024.In January 2026, Synthesia closed a $200M Series E round led by GV that valued the company at $4B post-money.Synthesia operates a B2B SaaS model with tiered subscription pricing based on usage limits and feature access.

<ul><li>Pika Labs is currently valued at $470 million following its $80 million Series B funding round in June 2024, with reports suggesting a potential valuation up to $700 million.</li><li>Pika Labs was founded in April 2023 by Demi Guo and Chenlin Meng, former Stanford AI PhD students who dropped out to build an accessible AI video generation platform after experiencing frustration with existing tools.</li><li>Pika Labs operates in a market that includes several distinct categories of AI video generation competitors, ranging from tech giants to specialized startups.</li></ul>

Pika Labs is currently valued at $470 million following its $80 million Series B funding round in June 2024, with reports suggesting a potential valuation up to $700 million.Pika Labs was founded in April 2023 by Demi Guo and Chenlin Meng, former Stanford AI PhD students who dropped out to build an accessible AI video generation platform after experiencing frustration with existing tools.Pika Labs operates in a market that includes several distinct categories of AI video generation competitors, ranging from tech giants to specialized startups.

<ul><li>In November 2025, Tavus announced a $40 million Series B led by CRV, with participation from Scale Venture Partners, Sequoia Capital, Y Combinator, HubSpot Ventures, and Flex Capital.</li><li>Tavus is an AI research company and developer platform that enables developers to integrate its state-of-the-art AI avatar technology into their applications.</li><li>Tavus operates as an API platform, providing AI avatar generation and video creation capabilities that developers and businesses can integrate into their own applications.</li></ul>

In November 2025, Tavus announced a $40 million Series B led by CRV, with participation from Scale Venture Partners, Sequoia Capital, Y Combinator, HubSpot Ventures, and Flex Capital.Tavus is an AI research company and developer platform that enables developers to integrate its state-of-the-art AI avatar technology into their applications.Tavus operates as an API platform, providing AI avatar generation and video creation capabilities that developers and businesses can integrate into their own applications.

United States

Video generation tool for creating AI avatar videos for training and sales outreach

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HeyGen (HEYGEN US)

Primer: HeyGen - 03 Sep 2026

Video generation tool for creating AI avatar videos for training and sales outreach

Sacra

Primer: OpenArt - 08 Oct 2026

Tool for generating and editing AI images and videos from text-based stories

Sacra

Primer: Synthesia - 17 Aug 2026

Video generation tool for enterprises to create AI avatar videos for training and sales

Sacra

Primer: Pika - 22 Mar 2026

Video tool for generating and editing clips from text prompts or images

Sacra

Primer: Tavus - 26 Jan 2026

API for developers to generate personalized AI avatar videos from text or data

Sacra

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