Automated Video Creation Company Wibbitz Parts Ways With Co-Founder
Wibbitz offers a service that semi-automatically creates short videos from existing texts such as media articles
13:2411.12.18
Yotam Cohen, co-founder and chief operating officer at semi-automated video creation platform Wibbitz Ltd., is leaving the company. Cohen confirmed his departure from the company Tuesday. Wibbitz has recently laid off 10 employees.
Co-founder and chief operating officer Yotam Cohen. Photo: Orel Cohen
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Responding to Calcalist’s request for comment, Cohen said that he has decided to move on to the “next challenge” after “eight incredible and challenging years.” Co-founder and chief operating officer Yotam Cohen. Photo: Orel Cohen
Founded in 2011 and headquartered in New York with additional offices in Tel Aviv, London, and Paris, Wibbitz offers a service that semi-automatically creates short videos from existing texts such as media articles, using artificial intelligence algorithms. In October 2017, the company announced a $20 million funding round, bringing its total equity funding to $30.8 million.
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In an interview with Calcalist Tuesday, Wibbitz co-founder and CEO Zohar Dayan said 2018 is shaping up to be a record year for Wibbitz, with a growth of over 200% in revenues, following a pivot to a subscription-based model. The company is in the process of a structural shift, and is recruiting sales and marketing teams in New York, Paris, and London, he said.
