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.

Revenue

Founded

2013

Headcount

555

Headquarters

Israel

Primary Segment

Software Development

Ownership

Privately Owned

News Summary:

On July 30, 2024, Lightricks was mentioned in a press release announcing Yulia Karasik's appointment as Vice President of Marketing at Loora, an AI English language learning company. Lightricks' involvement in a recommender system is detailed in a separate presentation, which explores the challenges and solutions implemented in creating a personalized recommendation system to improve user experience and business growth. This system balances exploration and exploitation to accelerate the discovery of high-quality content. Another presentation focuses on the hurdles of productionizing a recommendation engine and maintaining a scalable machine learning model workflow. Finally, a music video for Jordan Rudess' song "Shadow Of The Moon," created using Lightricks technology, was released. The video was produced by Manny Walker, the winner of a Lightricks-hosted contest.

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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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