Joshua Xu is an entrepreneur and the co-founder and chief executive officer (CEO) of HeyGen. Before HeyGen, Xu worked as a software engineer at Snap, the parent company of Snapchat, before venturing into entrepreneurship.
HeyGen is an artificial intelligence(AI) video generator. It uses advanced AI technology to generate realistic-looking avatars and voices. With this platform, users can produce high-quality videos without the need for expensive equipment or a film crew.
The startup was initially based in Shenzhen, China, and was called Movio before it rebranded itself after moving to Los Angeles, California in 2022.
Founded in 2020 by Joshua Xu and Wayne Liang, HeyGen is now used by more than 40,000 businesses worldwide to create engaging content. Some of its top users include Azure, Salesforce, NVIDIA, KPMG, Amazon, Columbia University, and more. Today, the AI-powered video generator startup is valued at over $500 million and generates around $19 million in annualized recurring revenue (ARR).
“People love video, but people also hate being on camera or don’t have time to be on camera. I thought if we could remove the camera, we will remove the barrier for visual storytelling.”
This article will look into Joshua Xu’s net worth, education, career, and more.
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Joshua Xu Net Worth
Unfortunately, there is no information on Joshua Xu’s net worth available in the public domain. We will update this section as soon as we come across any reliable info related to his wealth.
However, HeyGen is a multi-million dollar company. As the co-founder and CEO Joshua Xu must hold significant shares of the startup. So, it is safe to assume that Joshua Xu’s net worth is substantial given the success and valuation of HeyGen.
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Education
Joshua Xu earned a Bachelor of Science degree in Electrical Engineering from Tongji University. Following this, he pursued a Master’s degree in Computer Science at Carnegie Mellon University, where he specialized in the Robotics Institute within the School of Computer Science.
Career
Joshua Xu began his career as a Software Engineer at Snapchat, Inc. in September 2014. He worked at the social media platform for over six years until 2020. Xu was the third engineer in the Monetization team and the first engineer focused on Ads Ranking. His work involved developing advertising technology, including infrastructure, pacing, optimization, data analysis, ranking, and recommendation systems. Joshua Xu also contributed to computational photography and the camera experience, and he created the Barista machine learning platform for Snap.
In November 2020, Joshua Xu co-founded HeyGen with Wayne Liang. Xu serves as the startup’s CEO. Based in Los Angeles, California, HeyGen is focused on revolutionizing visual storytelling by using AI to create content, aiming to replace traditional cameras and significantly reduce content creation costs. The company heavily invests in GAN, diffusion, and other computer vision and deep learning technologies, striving to make content creation cost-free and accessible to everyone.
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Latest Updates
HeyGen recently raised $60 million in a Series A funding round, valuing the company at $500 million. The round was led by Benchmark, with participation from Conviction, Thrive Capital, and Bond Capital. Victor Lazarte, a Benchmark partner, joined HeyGen’s board as part of the deal. The startup has raised $74 million in funding to date.
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FREQUENTLY ASKED QUESTIONS
Is HeyGen a Chinese company?
No, HeyGen, the AI video generator platform is based in San Francisco, California, United States. Initially, it was called Movio and was based in Shenzhen, China.
Is HeyGen AI free?
HeyGen AI has a free plan for users that allows them to create 1 AI avatar and generate 3 AI-generated videos per month. There are subscription-based tiers for professionals, teams, and enterprises as well.
Who is the CEO of HeyGen?
The CEO of HeyGen is Joshua Xu. Joshua Xu is a software engineer who co-founded the company with Wayne Liang in 2020.
What is the revenue of HeyGen?
According to a report, HeyGen generates around $19 million in annualized recurring revenue (ARR). The company’s valuation is over $500 million.
