Wochit Inc.

Wochit Inc. provides an innovative cloud-based video creation platform that empowers businesses to easily produce, edit, and share engaging video content at scale. Founded in 2012, Wochit Inc. is based in Israel and specializes in video creation technology.

The company is led by CEO Dror Ginzberg and was co-founded by Drew Ferguson, Lora Chakarova, and Yash P. Wochit has successfully raised a total of USD 13. 00 mn, with the most recent funding round occurring on January 17, 2017, where new investor Press Association led the financing. Through its journey, Wochit has completed four deals, marking significant growth in the video technology sector.

Wochit offers an enterprise-grade video creation platform that facilitates the creation, editing, and sharing of video content in the cloud. Its core products include Wochit Studio, a user-friendly tool for producing videos at scale, and Wochit Frame, a white-label video editor that allows clients to integrate video creation capabilities into their platforms. Utilizing artificial intelligence, Wochit improves workflow efficiency and provides access to a vast pool of licensed content, catering to sectors such as media, publishing, non-profits, and SaaS platforms across North America, Europe, and Asia-Pacific. Wochit generates revenue primarily through subscription-based models, offering clients access to its comprehensive suite of video creation tools and services.

The pricing structure accommodates various client needs, with customized packages that may include additional features or content licensing. Wochit also partners with organizations to integrate its technology, broadening its service distribution. Wochit plans to leverage its recent funding of USD 13. 00 mn to enhance its product offerings and expand its market reach.

Upcoming product launches include enhancements to Wochit Studio and Wochit Frame designed to further streamline the video creation process. The company aims to enter new geographic markets, focusing on further penetration in North America and expansion into Europe and Asia-Pacific by the end of 2018. The investment will support these initiatives, allowing Wochit to enhance its capabilities and client offerings.