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WOMBO
AI-powered user content creation
- 21-100 employees
- B2C
- Artificial Intelligence
- Content
- Entertainment
- Mobile
- Downtown Toronto, Toronto, ON
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Company mission
Wombo's mission is to unleash everyone's creativity through the magic of AI, transforming the way content is created, consumed, and distributed.
43% employee growth in 12 months
Our take
Wombo creates fun, AI-powered content production tools, from an app that creates lip-synch videos from a photo, to one that creates unique AI art from a single user prompt. The two have been downloaded over 85 million times thanks to the highly shareable nature of the results. In fact, this is Wombo’s key MO: leveraging the entertainment value of AI for the production of hyper-shareable content.
It’s gotten the team remarkable traction since Wombo’s early 2021 launch. Through the two apps the company has netted over 10 million active monthly users, and arguably is helping broaden the appeal of AI in the public consciousness. What longevity these kind of projects will have remains to be seen, but Wombo is in a good position to continue innovating - with suggestions that one of its next steps will be into the world of Web 3.0.
This would likely prove a savvy move. Content creators are already beginning to shift away from incumbent content platforms like Tiktok in favour of spaces that offer more ownership and better monetisation avenues. Web 3.0 is anticipated to host many such platforms - and Wombo’s AI-driven apps would be a remarkably good fit.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Competitive health and retirement benefits
- Small team, big impact
- Flexible work arrangement with the ability to work remotely and meet face to face with co-workers on a regular basis (as conditions permit)
- Supportive culture
- Competitive salary
- Learning opportunities
- $35/day for food
- $4K to buy the work equipment of your choice
- Stock options (at WOMBO, we're all owners)
Funding (last 2 of 3 rounds)
Sep 2024
$8.8m
EARLY VC
Feb 2022
$6m
SEED
Total funding: $20.8m
This company has top investors
Leadership
Ben-Zion Benkhin
(Co-founder & CEO)Previously founded Zion Digital, before moving on to work as President and then Strategic Advisor at UofTAI.
Parshant Loungani
(Co-founder & Head of AI)Previously an AI Engineer at BTNX Inc., before moving on to work as an AI Scientist at the National Research Council Canada.
Vivek Bhakta
(Co-founder)Has experience in software development and engineering at SavantX, Cisco, and Stride.
Angad Arneja
(Co-founder)A University of Toronto business grad, who co-founded Ooze and is an investor in Aspire and Lolly.
Paul Pavel
(Co-founder)Previously an Associate at Boston Consulting Group.