Wibbitz Raises $2.3M Series A For Technology That Turns Text Into Videos

Wibbitz, a company whose tagline once called it the "play button for the web" (it's now just "text-to-video") has closed a $2.3 million Series A round headed up by?Horizons Ventures, the internet and technology investment fund belonging to?Li Ka-shing. Also participating in the round were previous investors,?Initial Capital and lool Ventures. The service is somewhat similar to?former TechCrunch Disrupt winner?Qwiki, as it also automatically generates videos based on the content found on websites, but the twist is that it's designed for use by publishers who want to offer quick, digestible video summaries of their articles' content.

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