Wibbitz
| Private | |
| ISIN | 🆔 |
| Industry | Video Creation |
| Founded 📆 | 2011 |
| Founder 👔 | Zohar Dayan & Yotam Cohen |
| Headquarters 🏙️ | , New York |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | wibbitz.com |
| 📇 Address | |
| 📞 telephone | |
Wibbitz is an automated video creation company headquartered in New York City, with offices in Tel Aviv [1] and Paris [2]. Wibbitz offers a product line of online video creation software that enables businesses to produce professional short form video[3] in minutes [4].
Company History[edit]
Wibbitz was founded in 2011 by Zohar Dayan and Yotam Cohen while the two were classmates at IDC Herzliya’s Zell Entrepreneurship Program. The company was one of five winners at Seedcamp Tel Aviv, an early-stage micro seed investment and mentoring program.[5]
In 2012, Wibbitz raised $2.3 million in Series A as a web-based text-to-video platform.[6] It was among the first video technologies to introduce the short-form text video format of reporting that is now commonplace. [7] The following year, Wibbitz launched a consumer-facing mobile application that won the Netexplo Grand Prix Innovation Award. [8]
In 2015, Wibbitz raised another $8 million in Series B funding,[9] officially launched in the U.S. market as an automated text-to-video platform, [10] and secured a patent for the full process of converting non-video information into a video using natural language processing algorithms. [11] At this time, Wibbitz worked primarily with news publishers, [12] and played a key role in the rise of online video in publisher’ strategies [13] by partnering with brands like Forbes, [14] Bonnier, [15] TMZ, [16] and the Daily Mail. [17]
Wibbitz raised an additional $20M in funding in 2017, with strategic investors including BDMI, The Weather Channel, The Associated Press, and TF1.[18]
Wibbitz opened its platform to brands and agencies in 2018, following an increase in organic interest from marketing, advertising, and communications teams.[19]
In November 2019, Wibbitz was recognized as the 8th fastest growing company in North America, and the second-fastest growing company in the New York Tri-state area,[20] on Deloitte’s 2019 Technology Fast 500 list. [21]
In 2020, Wibbitz launched a new version of its online video creation platform called Studio, designed for teams and enterprise companies to produce short-form video for social media, marketing, news, communications, and recruitment.[22]
As of 2020, Wibbitz has raised a total of $30.8M in funding.[23] Investors include [[BDMI, NantMobile, lool ventures, The Associated Press, Horizons Ventures and The Weather Channel. [24]
Products[edit]
Studio[edit]
The Wibbitz Studio is an online video creation platform used by businesses like The Weather Channel,[25] Reuters, [26] and Birchbox [27] to quickly and easily create short-form video content. It takes an average of 6.8 minutes to create a video using the platform. [28] Users have access to drag-and-drop editing tools, customizable video templates, multiple video formats, [29] and a library of licensed soundtracks, photos, and videos from providers like Getty Images [30] and BMG Production Music. [31]
Lightbox[edit]
Lightbox is a video creation API product that can be integrated into any website or mobile application.[32] French media holding company TF1 Group is leveraging Wibbitz Lightbox for their media buying platform La Box Enterprises, which enables their users to easily create video ads directly in the platform. [33]
References[edit]
- ↑ "Wibbitz - A video for every story".
- ↑ https://craft.co/wibbitz
- ↑ "The G2 on Wibbitz".
- ↑ "Interview with Zohar Dayan, Co-Founder and CEO at Wibbitz". 16 August 2018.
- ↑ "Turn Static Web Content to Dynamic Video with Wibbitz – VC Cafe".
- ↑ "With Echoes of Summly and Siri, Wibbitz Relaunches Its Text-To-Video Service as a Consumer App".
- ↑ "Wibbitz CEO and co-founder Zohar Dayan on how automated video is changing media consumption – Found Remote".
- ↑ "AWARD WINNER - WIBBITZ (Israel) ENGLISH - Netexplo Forum 2014 - Vidéo Dailymotion".
- ↑ "Wibbitz Raises $8M to Create All the News that is Fit to Automate". 3 June 2015.
- ↑ "Wibbitz Enlists US Publishers for Its Video News Summaries".
- ↑ "A method for automatically transforming text into video".
- ↑ "Wibbitz is Cutting Edge Automated Video Creation for Publishers".
- ↑ Herrman, John (11 July 2016). "As Online Video Surges, Publishers Turn to Automation". The New York Times.
- ↑ "'Forbes' Partners with Wibbitz to Produce AI-Inspired Video".
- ↑ "When Video Inventory is Scarce, Bonnier Turns to Automation". 16 February 2017.
- ↑ "Israel's Wibbitz Partners with Celeb News Site TMZ | News Briefs". 11 December 2017.
- ↑ "Mail Plus Partners with Wibbitz to Produce Video for Amazon Echo Show". 6 March 2019.
- ↑ "Automated video creation startup Wibbitz raises $20M".
- ↑ "Wibbitz Opens AI Video-Creation Platform to Brands and Agencies".
- ↑ https://www.builtinnyc.com/2019/11/07/nyc-companies-deloittes-fast-500
- ↑ "2019 Technology Fast 500 Award Winners".
- ↑ "Wibbitz Launches Studio & WAVI for Enterprise-Class Video Creation & Automation".
- ↑ https://www.crunchbase.com/organization/wibbitz#section-funding-rounds
- ↑ "Wibbitz".
- ↑ "Wibbitz Completes $20M Funding Round".
- ↑ "Reuters partners with Wibbitz to create videos using automation technology".
- ↑ "Wibbitz".
- ↑ "It's easier to pivot to video if you get computers to do the work". 24 October 2017.
- ↑ "Wibbitz CEO and co-founder Zohar Dayan on how automated video is changing media consumption – Found Remote".
- ↑ Herrman, John (11 July 2016). "As Online Video Surges, Publishers Turn to Automation". The New York Times.
- ↑ "BMG Production Music partners with video creation platform Wibbitz | Complete Music Update".
- ↑ "Wibbitz Debuts Customizable Video Creation Interface".
- ↑ "Wibbitz Shows Lightbox, a Customizable Video Editor for Websites". 12 June 2019.
Category: Software companies of the United States
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