Promo.com explained

Promo.com
Type:Private
Industry:Video creation service
Video slideshows
Foundation:Tel Aviv, Israel
Founder:Tom More
Location City:Tel Aviv
Location Country:Israel
Area Served:Worldwide
Key People:Tom More (Founder)
Num Employees:78
Parent:EasyHi Ltd

Promo.com is a cloud-based video creation service. It allows the creation of videos from stock videos, photos, video clips, and music. The company has offices in Warsaw, New York City, and Tel Aviv.[1]

History

Promo was launched in 2016 by founder Tom More.

In October 2017, the company announced that it had acquired Unstock, a mobile-first marketplace for authentic footage, based in Poland.

In January 2018, the company was awarded Best B2B Product of the Year at Product Hunt's 2017 Golden Kitty Awards.[2]

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 Getty Images and ChatGPT.

Business

Promo.com employs around 50 people as of 2018. In its first year, the company raised $1.5 million in Series A funding.[4]

In 2021 the company announced an additional capital[5] and debt raise, with participation from Getty Images.[6]

See also

Notes and References

  1. Web site: Israeli slideshow app Slidely bags $7.3M to fund mobile plans . VC Post . 11 April 2014 . 23 April 2014.
  2. Web site: Product Hunt . 2018-03-23 . Golden Kitty Awards Winners . 2024-04-23 . Medium . en.
  3. Web site: Content Creation Service Slidely Rebrands as Promo. CTEch. 23 January 2019.
  4. Web site: Turn Holiday Photos Into a Video Slideshow With Slide.ly . 11 February 2014 . Veena Bissram. .
  5. Web site: Hatmaker . Taylor . 2021-05-25 . Getty Images leads $16M investment in Promo.com, a social video template tool . 2023-12-15 . TechCrunch . en-US.
  6. Web site: Weber . Harrison . 10 April 2014 . Slidely's 40M users and $7.3M in funding shows slideshows may be sexy after all . 23 April 2014 . Venture Beat.