Company Overview
Snapshot
Founded in July 2011 by Zohar Dayan, Wibbitz operates with 11–50 employees. The company has raised $30.8M across 5 funding rounds from 11 investors. In November 2021, Vimeo acquired Wibbitz, expanding its video software solution for enterprise clients.
Business overview
Wibbitz is an automated video creation company that leverages patented AI technology to streamline video production. Its platform offers personalized video templates, editing tools, and access to licensed media assets. Wibbitz serves over 600 customers, including major media and advertising firms like Bloomberg, Reuters, Condé Nast, and McCann, operating within the Business Software sector, specifically in Advertising Platforms and Digital Content Distribution.
Strategic signal
In November 2021, Vimeo acquired Wibbitz, a strategic move that significantly expanded Vimeo's video software capabilities for enterprise clients. This acquisition signals a consolidation within the video creation and enterprise software markets, indicating Vimeo's intent to enhance its offerings with Wibbitz's AI-powered automation and extensive content creation tools.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent corporate development for Wibbitz?
- In November 2021, Vimeo acquired Wibbitz. This acquisition was aimed at expanding Vimeo's video software solution for enterprise customers by integrating Wibbitz's automated video creation technology.
- Which investors participated in Wibbitz's October 2017 funding round?
- In October 2017, Wibbitz received funding from Horizons Ventures and lool ventures, among others.
- What was Wibbitz's strategic focus in June 2019?
- In June 2019, Wibbitz expanded its product line to include a fully customizable video creation interface designed for web products and mobile applications, enhancing its offerings for content creators.
- What new research did Wibbitz release in September 2019?
- In September 2019, Wibbitz released new research on Instagram user behaviors, identifying opportunities to improve performance by leveraging video content on the platform.