Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Israeli Software Firm Lightricks Raises $135 Million at $1 Billion Valuation
Error: Contact form not found.
by Reuters and Algemeiner Staff
The homepage of the Lightricks’ website. Photo: Screenshot.
Israeli software company Lightricks, the creator of several photo and video editing apps, said on Wednesday it has raised $135 million in financing at a $1 billion valuation.
The round was led by Goldman Sachs Private Capital Investing with participation from additional investors including New York-based Insight Partners and Israel’s ClalTech. The latest financing brings Lightricks’ total funding to date to $205 million.
Lightricks’ seven apps have over 180 million downloads and nearly 3 million paying subscribers. It said it has tripled revenue annually over the past three years.
The investment will be used to accelerate development of more artificial intelligence-enhanced tools, by making strategic acquisitions and expanding the company’s offices. Lightricks aims to significantly grow its team of 250 across Israel and the UK and open a third office in Germany.
