Lightricks, a privately owned company founded in 2013 and headquartered in Israel, develops software, primarily mobile applications for video and image editing. The company employs approximately 560 people and is known for its Facetune selfie-editing app, among other products in its portfolio. While the provided description states the company is US-based, its headquarters location is listed as Israel.
Lightricks released LTX Video-13B, an open-source video generation model, on an unspecified date. This model is an upgrade to the original LTXV model, featuring increased parameters and enhanced features to improve video output quality while maintaining speed. Separately, filmmaker Manny Walker, winner of a Lightricks contest, created a music video for Jordan Rudess' song "Shadow Of The Moon." The video is for Rudess' solo album, "Permission To Fly." This is unrelated to Lightricks' other activities. There is no information provided about the date of the contest or the release of the music video. Finally, a separate news item reports that Yulia Karasik joined Loora as Vice President of Marketing on July 30, 2024. This news item is unrelated to Lightricks' activities.
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