Wochit is a social video creation platform that enables newsrooms, media companies and brands to create socially-optimized videos at scale. Led by co-founder and CEO Dror Ginzberg, the platform offers cloud-based editing tools, native uploads, and access to rights-cleared assets from AP, Reuters, Getty, Bloomberg and others. Users worldwide include Time Inc., Daily News, USA Today, Gannett, AOL, The Week, ProSieben, Singapore Straits Times, Die Welt and Der Spiegel. The company received a strategic investment from PA Group; the amount of the deal was not disclosed. The investment is intended to fund development of new tools and features to enhance Wochit’s technology and to support global expansion. Wochit is backed by Redpoint Ventures, Marker LLC, Greycroft Partners, Cedar Fund, ProSieben, Singapore Press Holdings’ SPH Media Fund and Carlo de Benedetti, and maintains offices in London and Tel Aviv. Wochit provides a cloud-based platform that automates production of timely, socially-optimized short-form video, pairing newsroom workflows with a large library of pre-licensed assets from agencies such as AP, Reuters, Getty and Bloomberg. Its tools target newsrooms, media companies and brands, enabling faster production around trending topics. Worldwide media brands including Time Inc., Daily News, USA Today, Gannett, AOL, The Week, ProSieben, Singapore Straits Times, Die Welt and Der Spiegel use the platform. Led by co-founder and CEO Dror Ginzberg, the company aims to expand its business with publishers and content creators worldwide. The company plans to use the newly raised capital to further enhance its technology and global expansion efforts. Wochit is based in New York City and also maintains offices in London and Tel Aviv. Wochit provides a text-to-video platform that uses natural-language search to spider articles, pull fully licensed content, and generate scripts to create videos. The company offers end-to-end video production for a per-video fee and takes a cut of ad revenue, while also offering a self-service mode for publishers seeking editorial control. Wochit coordinates human voice-over talent (reported turnaround of two-to-three minutes) and operates branded channels for general and entertainment news. High-profile customers include Forbes, AOLOn, The Chicago Tribune, and Yahoo. The company relocated its headquarters to New York from Israel to be closer to media clients. Wochit raised $11 million in new financing and had previously raised $4.75 million in May 2013. The new capital will be used to expand sales and business development, improve the product, and build out the engineering team. Wochit provides a platform that leverages technology and production expertise to create real-time news videos that publishers can select and integrate based on topical relevance. The company serves websites, mobile applications, news organizations, blogs and other publishing entities. It plans to use the new capital to accelerate sales and roll out initiatives that organize content by channels on particular subjects, which customers can embed as automatically refreshed feeds. The product emphasis is on quickly producing topical video tailored to audience interests. Wochit is led by co-founder and CEO Dror Ginzberg and CTO Ran Oz. The company is based in New York and Tel Aviv and recently closed a fresh institutional financing.

Total raised

$29M

Funding rounds

4

Latest round

Equity

Latest activity

Oct 2016