Lightricks

Lightricks is an Israeli generative-AI consumer creativity company founded in 2013 in Jerusalem by Zeev Farbman, Amit Goldstein, Yaron Inger, Itai Tsiddon and Nir Pochter, originally as a Hebrew University spin-out. The company built Facetune, Photoleap and Videoleap, among the highest-grossing photo and video editing apps on iOS and Android, and reached a reported $1.8 billion valuation in 2021 while growing annual recurring revenue to roughly $250 million by mid-2025.

What Consumer Apps Built Lightricks' Business?

Lightricks launched Facetune, its most popular app, in March 2013; it was named one of the App Store's Best of 2013, became Apple's most-downloaded paid app in 2017, and had surpassed 200 million downloads by 2023. Photoleap (formerly Enlight Photofox) and Videoleap extended the company's reach into broader image and video editing, with Photoleap becoming one of the first mobile apps to offer generative AI and text-to-image capabilities.

How Much Has Lightricks Raised, and at What Valuation?

Lightricks raised a Series D round in September 2021 co-led by Insight Partners and Hanaco Venture Capital, with existing investors Goldman Sachs, ClalTech, Harel Insurance and Finance, and Greycroft, plus new investors Migdal Insurance, Altshuler Shaham and Shavit Capital, at a reported $1.8 billion valuation. That round brought the company's total funding to $335 million. Lightricks ended 2018 with more than $50 million in revenue and reached approximately $250 million in annual recurring revenue by July 2025, according to Wikipedia's sourced company history.

What Is LTX Studio and the LTX-Video Model Family?

Lightricks pivoted into generative AI through its LTX Studio platform, which pairs a proprietary open-weights video model with a storyboard-to-video creative workspace. The company released LTX-2 in October 2025 as what it called the first production-ready model combining open audio and video generation with native 4K output and synchronized sound, fully open-sourcing the model's weights and training code in January 2026. "LTX-2 is the first truly open audio-video model, released with open weights and training code, and designed to run locally on consumer GPUs," said Zeev Farbman, Lightricks' co-founder and CEO. The company followed with LTX-2.3 in March 2026, adding a desktop video editor that runs the full model locally on consumer hardware, and LTX-2.5 in August 2026, a 22-billion-parameter model Lightricks positioned toward world models for robotics training. The LTX-Video family remains among the most-downloaded open video models on Hugging Face.

Did Lightricks Restructure Alongside Its AI Pivot?

Lightricks laid off 85 employees in a restructuring in late October 2025, Globes reported, around the same period the company was pushing its LTX-2 model to market, a sign the company has been reallocating resources toward its generative-AI roadmap even as its consumer subscription business continues to anchor its revenue.

Why Does Lightricks Stand Out Among Israeli AI Companies?

Lightricks has remained profitable on the strength of its consumer subscription business, making it one of the few Israeli AI franchises with positive free cash flow at scale, a profile distinct from venture-funded AI infrastructure companies that depend on repeated funding rounds to cover losses.