Automated video creation startup Wibbitz raises $20M

Wibbitz, which uses artificial intelligence to create short videos based on text news stories, has raised $20 million in Series C funding. The money comes from some of big names in the media world, with Bertelsmann Digital Media Investments (a subsidiary of German media conglomerate Bertelsmann) leading the round and participation from The Weather Channel, The Associated Press and TF1.… Read More...