Wochit Receives $13 Million in Funding

Nov 01, 2016


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Social video creation platform Wochit announced receipt of $13 million in funding, with investment from media giants ProSieben, Singapore Press Holdings’ SPH Media FundCarlo de Benedetti and several existing investors including Redpoint, Marker LLC, and Cedar Fund. The funds will be used to further enhance Wochit’s technology, and to expand its business with publishers and content creators worldwide.

The investment from existing customers, each representing dozens of brands, is a testament to the strategic value of the Wochit platform, which supports rapid, cost-effective production of timely, socially-optimized video. By empowering storytellers with intelligently-applied automation and a library of pre-licensed assets, Wochit ensures quality results for publishers seeking a cost-effective video solution.

(wochit.com)