Wochit Raises $11 Million For Text-To-Video Content Creation Platform

Funding Rounds

▤ Summary

Media companies looking for a way to ride the wave of customer demand for online video content may have found their vessel with the new $11 million financing for New York-based Wochit. The company, founded by two serial Israeli entrepreneurs, has raised fresh capital to roll out its text-to-video technology to any publisher that’s looking for more ways to put more video in front of their audience. Wochit’s new round was led by Marker LLC, with participation from previous investors Cedar Fund, Greycroft Partners, and Redpoint Ventures. The technology has a natural language search function that spiders articles for key words and phrases and then pulls the relevant content — fully licensed — from sources online. “We envision a world in which anyone is a video creator, from big publishers and brands to ‘Joe Blogger’, a social influencer or a citizen journalist.

$ Funding

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Amount $11.0M Total raised
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Date May 12, 2014 Announcement date
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Investors Marker, Cedar Fund Lead investors
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Company http://www.wochit.com Funded company

▥ Classifications

industries
InsurTech
applications
Web and Content Management

◇ AskAI Classifications

Labels
Enterprise Software Video Creation Software SaaS Platform

▦ Linked Companies

Wochit
$1M to $5M