 | |
| Type | Private |
|---|---|
| Industry | Video creation service Video slideshows |
| Founded | Tel Aviv, Israel 2012 |
| Founder | Tom More |
| Headquarters | , |
Area served | Worldwide |
Key people | Tom More (Founder) |
Number of employees | 78 |
| Parent | EasyHi Ltd |
| Website | promo |
Promo.com is a popular video maker and a cloud-based video creation service that is allowing the creation of videos from stock videos, stock photos, video clips, and music.[1] The company has offices Warsaw, Poland, NYC, USA and Tel Aviv, Israel.[2]
History
Promo was launched in 2016-7 by founder Tom More, on the heels of it's successful B2C social photo and sharing app Slidely, a web application for users to create video slideshows from their photos and music.
Promo, which provides access to millions of premium quality video clips from Getty Images and iStock world-renowned partners, pre-edited licensed music and a user-friendly interface for customizing messages and logos. Since its release Promo has helped hundreds of thousands of businesses create videos, and the company reportedly doubled its team and became cash-flow positive. In early 2018 the company won Best B2B Product of the year from Product Hunt, for their video creation service, Promo.
In October 2017, the company announced that it acquired Unstock, a mobile-first marketplace for authentic footage, based in Poland.
In January 2019, the company announced changing its name to Promo.com and moving to a new domain .[3]
In December 2023, Promo.com announced the launch of PromoAI, its automatic video generator, powered by Promo.com, Getty Images and ChatGPT.
Business
Promo.com employs around 50 people as of 2018.[1] In its first year, the company raised $1.5 million in Series A funding[1][4]
To date, Promo.com raised approximately $13 million in funding rounds led by Benson Oak Capital,
In 2021 the company announced an additional capital[5] and debt raise, with participation from Getty Images.[2][6]
See also
References
- 1 2 3 Perez, Sarah. "Slide.ly Is Bringing Back The Mashup With Its Social Slideshow Service". Techcrunch. Retrieved 8 February 2014.
- 1 2 "Israeli slideshow app Slidely bags $7.3M to fund mobile plans". VC Post. 11 April 2014. Retrieved 23 April 2014.
- ↑ "Changing its name to Promo.com". CTEch. Retrieved 23 January 2019.
- ↑ Veena Bissram. "Turn Holiday Photos Into a Video Slideshow With Slide.ly". Retrieved 11 February 2014.
- ↑ Hatmaker, Taylor (2021-05-25). "Getty Images leads $16M investment in Promo.com, a social video template tool". TechCrunch. Retrieved 2023-12-15.
- ↑ Weber, Harrison (10 April 2014). "Slidely's 40M users and $7.3M in funding shows slideshows may be sexy after all". Venture Beat. Retrieved 23 April 2014.