Wochit

Company Overview

Snapshot

Founded in April 2012 by Dror Ginzberg and Ran Oz, Wochit operates with 11–50 employees. The company has raised $28.75 million across 5 funding rounds from 9 investors. In August 2022, Wochit launched a white-label plug-and-play video editor for companies.

Business overview

Wochit develops advanced cloud-based video creation platforms designed to enable users of all skill levels to produce high-impact videos at scale and with speed. Its video storytelling platforms integrate digital video production knowledge with a library of over 200 million commercial and copyright-free images and videos from professional and social sources. The company serves hundreds of media companies and brands, operating within the Media & Entertainment Technologies sector, focusing on digital content production and catering to enterprises and SMBs.

Strategic signal

In August 2022, Wochit launched a plug-and-play video editor designed for companies to seamlessly white-label as part of their own platforms. This strategic move indicates a shift towards a B2B SaaS model, allowing Wochit to expand its reach by empowering other businesses to offer video creation capabilities under their own brand. This could significantly increase Wochit's market penetration and recurring revenue streams, signaling a focus on scalable enterprise solutions.

Company Intelligence Q&A

What was a significant product development for Wochit in 2022?

In August 2022, Wochit launched a plug-and-play video editor that companies can seamlessly white-label as part of their platform, expanding its enterprise offerings.

What was a key partnership for Wochit in 2021?

In June 2021, Wochit partnered with Shutterstock to power enterprise video creation, integrating Shutterstock's extensive content library into Wochit's platforms.

What was Wochit's strategic collaboration in early 2020?

In January 2020, Wochit and Kaltura joined forces in a multifaceted partnership, enhancing their video technology and distribution capabilities.

When did Wochit expand its relationship with Getty Images?

In November 2018, Wochit expanded its relationship with Getty Images to offer video creators creative commercial content, enriching its content library for users.

Which investors participated in Wochit's October 2016 funding round?

In October 2016, Wochit received funding from Redpoint Ventures and SPH Media Fund.