HeyGen, a privately owned company headquartered in the US, was founded in 2020 and employs approximately 210 individuals. Functioning as an online audio and video media provider, the company specializes in leveraging generative AI to streamline the video creation process through its video platform.
On September 16, 2026, HeyGen, an AI video company, announced it achieved $200 million in annualized revenue (ARR). Joshua Xu, a former engineer at Snap, co-founded the company with a designer who previously worked on a karaoke application. Earlier the same day, Jacob Politte, a Nashville-based mortgage loan originator with nearly 10 years of professional finance experience, began creating videos using HeyGen, enabling him to assist borrowers with homeownership and refinancing.
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