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     1494  0 Kommentare Wibbitz Raises $20 Million Series C To Advance AI-Powered Video Creation Platform


    Bertelsmann Digital Media Investments, The Weather Channel television network, The Associated Press, and TF1 Group participate as company launches new partnerships with Bloomberg, Cox Media Group, and TEN: A Discovery Communications Company

    NEW YORK, Oct. 24, 2017 /PRNewswire/ -- Wibbitz, the leading AI-powered video creation platform, today announced it has raised $20 million in Series C funding. Bertelsmann Digital Media Investments (BDMI), led the round with participation from The Weather Channel television network, The Associated Press, TF1 Group, and existing investors including NantMobile, lool Ventures, and Horizons Ventures. Wibbitz is continuing its global expansion, and today's financing will be used for key hires across its development, product, design, sales, marketing, support and in-house editorial teams. The funding will also be invested in advancing artificial intelligence technologies and automation capabilities of its web-based platform for an even smoother and smarter video creation experience, and to launch products built for new markets and use cases. As the audience for digital video soars to over 2 billion viewers worldwide, and individual digital video consumption in the U.S. is projected to exceed 80 minutes per day by 2019, publishers seeking to rapidly scale production, distribution, and revenue derived from quality video content that stays true to their editorial voices are doing so in partnership with Wibbitz.

    "Audiences expect video wherever they consume content, and every platform demands its own unique video formats. Wibbitz helps publishers solve the biggest challenges posed by video - resources and bandwidth. Today's funding not only underscores the rising value of video, but also the power of AI and automation technologies to reduce tedious, production-related processes," said Zohar Dayan, Co-founder and CEO of Wibbitz. "Our publishing partners spend under six minutes, on average, producing original videos that drive four times the engagement of text-only content. These videos are intricate, composed of beautiful media, text overlays, custom branded graphics, diverse soundtracks and more. It's humbling to secure funding from such amazing partners so that we can expand our product capabilities, our team, and the global reach of Wibbitz in the years ahead."

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    Wibbitz Raises $20 Million Series C To Advance AI-Powered Video Creation Platform Bertelsmann Digital Media Investments, The Weather Channel television network, The Associated Press, and TF1 Group participate as company launches new partnerships with Bloomberg, Cox Media Group, and TEN: A Discovery Communications Company NEW …