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Israel’s Lightricks to split into two companies News 

Israel’s Lightricks to split into two companies

GaryPageau
CTECH by Catalyst reports Israel-based AI imaging unicorn Lightricks, maker of the Facetune app, continues to grapple with major operational changes amid the disruption caused by AI video models. The company is launching another round of layoffs, less than six months after cutting 85 employees, who at the time represented about 15% of its workforce. Lightricks currently operates two businesses... Read More
Lightricks open-sources LTX-2, the production-ready audio and video generation model News Updates 

Lightricks open-sources LTX-2, the production-ready audio and video generation model

GaryPageau
Lightricks announced the open-source release of LTX-2, the production-ready model to combine open audio and video generation with native 4K output, synchronized expressive sound, and full access to model weights, inference, and training code, alongside extensive options for fine-tuning and deeper customization for builders and creative professionals. The model is free to use for academic research and for commercial use... Read More
Lightricks LTXV breaks 60‑second length barrier for AI video generation New Products 

Lightricks LTXV breaks 60‑second length barrier for AI video generation

GaryPageau ,
Lightricks, the company behind LTX Video (LTXV) and LTX Studio and publisher of photo apps like Facetune, announced an update to LTXV that enables the generation of clips longer than 60 seconds. This milestone positions Lightricks as the first company to enable live-streamed, long-form AI video creation at scale, the company says. This represents an eightfold leap beyond the current... Read More
Lightricks unveils open-source Gen AI model for creating video clips quickly New Products 

Lightricks unveils open-source Gen AI model for creating video clips quickly

GaryPageau , , ,
Lightricks, the company behind AI-driven storytelling platform LTX Studio and the portrait editor Facetune, announced the release of its open-source video generation model, called LTX Video (LTXV 0.9). With a capability to generate five seconds of high-quality video in only four seconds, LTXV sets a new standard for real-time AI video creation, the company claims. Developed with direct feedback from... Read More
Lightricks’ LTX Studio, the AI visual storytelling platform, now open to all Updates 

Lightricks’ LTX Studio, the AI visual storytelling platform, now open to all

GaryPageau , , , , ,
Lightricks, the creators of Facetune and Photoleap, launched LTX Studio, an AI-driven storyboarding and prototyping platform for film and marketing professionals. The platform offers real-time generative and editing solutions, enhanced collaboration tools, and advanced control over character and frame creation. LTX Studio aims to revolutionize visual storytelling with AI, supporting diverse creative needs. Read More
Lightricks pivot to Gen AI brings layoffs to 12% of workforce News 

Lightricks pivot to Gen AI brings layoffs to 12% of workforce

GaryPageau , ,
Israeli video and image editing mobile apps developer Lightricks, developer of the popular Facetune app, is changing its business focus to generative AI at the expense of some of its app operations, which have not met growth targets, according to Globes. As part of the move, Lightricks is laying off 70 employees, representing 12% of its global workforce. At one time,... Read More
Lightricks launches generative AI film platform New Products 

Lightricks launches generative AI film platform

GaryPageau , , , ,
AI-based imaging company Lightricks – which publishes the popular photo and video editing apps Facetune, Photoleap, and Videoleap – announced today the upcoming launch of LTX Studio, a generative AI-driven editing platform for video production and filmmaking. The public is invited to join the waitlist to access and be among the first to experience following the March 27 launch event. Lightricks... Read More
TikTok family, the D’Amelios, take stake in app maker Lightricks News 

TikTok family, the D’Amelios, take stake in app maker Lightricks

GaryPageau ,
Imaging app maker Lightricks announced the “social media family megastars, Marc, Heidi, Dixie and Charli D’Amelio” have taken an unnamed investment stake in the company. (If you are over the age of 17 and don’t know who the D’Amelios are, click here.) Lightricks has several popular apps, including FaceTune, Photoleap, Videoleap, and more. The investment is separate from Lightricks’ recent... Read More
Imaging app developer Lightricks raises $130 million Series D News 

Imaging app developer Lightricks raises $130 million Series D

GaryPageau
Photo and video app maker Lightricks, announced $130 million in Series D funding, comprised of $100 million in primary and $30 million in secondary funding which brings Lightricks’ total funding to-date to $335 million and the company’s latest valuation to $1.8 billion, the company said. The round was co-led by New York-based global private equity and venture capital firm Insight... Read More
Lightricks beings Videoleap to Android platform News 

Lightricks beings Videoleap to Android platform

GaryPageau ,
Lightricks, the creator of Facetune2, Facetune Video, and Beatleap, announced the Android launch of its video editing app, Videoleap. Geared for both social media users and professional content creators alike, Videoleap offers professional-level, easy-to-use tools to create, edit, customize and share snippets or full length videos. Given the recent rise of the creator economy, Lightricks conducted a survey to its... Read More
Photo app maker Lightricks launches Beatleap music video app New Products 

Photo app maker Lightricks launches Beatleap music video app

GaryPageau , ,
App publisher Lightricks – makers of Facetune and Videoleap – launched a new app, Beatleap, in collaboration with music-tech company Epidemic Sound. Beatleap presents audio-driven video editing by automatically matching songs with clips in seconds. Utilizing machine learning, the app determines the exact moment to slow down or speed up a user’s video to align with the beat of the music. Fueled by... Read More
Lightricks launches “Quickart” app for turning photos into artistic representations New Products 

Lightricks launches “Quickart” app for turning photos into artistic representations

GaryPageau ,
Facetune app maker Lightricks launched a new app, Quickart, an artistic photo-editing product filled with filters and advanced effects for novice editors. The app combines sophisticated artificial intelligence tools with highly-curated content, the company said, adding it is “packed with preloaded images and powerful, intuitive features specifically tailored to give users immediate inspiration for crafting their own spectacular content.”Built to... Read More
Billion-dollar company Lightricks wins Apple, Google best-of awards News 

Billion-dollar company Lightricks wins Apple, Google best-of awards

GaryPageau
Israeli software company Lightricks capped off 2019 with a billion-dollar valuation and two top awards for the Apple and Google platforms. The company, which now boasts 340 employees in multiple countries, was founded in 2013. Lightricks announced StoryBoost is recognized as part of Apple’s #BestOf2019 Trends of the Year. According to the company, Lightricks built StoryBoost so any individual, influencer, or... Read More
Lightricks raises $135 million in Series C Funding, raises valuation to $1 billion News Press releases 

Lightricks raises $135 million in Series C Funding, raises valuation to $1 billion

GaryPageau , , , , ,
Goldman Sachs Private Capital Investing Joins Existing Investors Insight Partners, ClalTech, and Viola Ventures to Propel Lightricks’ New Products, Acquisitions and Global Reach JERUSALEM, July 31, 2019 /PRNewswire/ — Israeli software company, Lightricks, a leading developer of subscription-based content creation tools, announced today that it has raised $135 million in Series C funding at a $1 billion valuation in a round led by Goldman Sachs Private... Read More
Facetune2 joins the Google Play Store Press releases Updates 

Facetune2 joins the Google Play Store

GaryPageau , , ,
Popular photo editor by Lightricks isn’t just for iOS users anymore NEW YORK, May 15, 2019 /PRNewswire/ — Lightricks, developers of award-winning apps designed to bring creativity to everyone, announced today the company is making the next generation of its celebrated app, Facetune2, available to Android users on May 15, 2019. The new availability on the Android Platform will empower every smartphone user to achieve... Read More