Lightricks, a privately owned company headquartered in Israel, was founded in 2013 and employs approximately 560 individuals. Specializing in software development, the company develops video and image editing mobile applications, notably known for its selfie-editing app, Facetune.

Revenue

Founded

2013

Headcount

555

Headquarters

Israel

Primary Segment

Software Development

Ownership

Privately Owned

News Summary:

On April 17, 2026, Lightricks' LTX 2.3 was highlighted as one of three dominant open-source video generation models, alongside Alibaba's Wan2.1 and Zhipu AI's CogVideoX. Previously, on March 15, Lightricks detailed its open-source AI video model, LTX Video, which generates 5-second clips with 121 frames at 768x512 resolution, available for free and commercial use, and utilizes a simplified 4-part prompt format optimized for text-to-video and image-to-video capabilities. This followed the March 5 announcement that LTX-2.3, the latest evolution of Lightricks' open-source audio-video generation model, gained native support in ComfyUI, delivering major quality improvements over its predecessor, LTX-2, across fine details, portrait video, audio, and prompt understanding. Earlier, on February 23, the creator of the Facetune photo editing app, Lightricks, revealed plans to split its consumer app business from its generative AI video platform, LTX, according to an internal memo, positioning itself to better capture growth in artificial intelligence.

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Lightricks offers 2 products in the enterprise tech industry. Lightricks's product portfolio comprises of generative AI.
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