About WOMBO
WOMBO is a company based in Toronto (Canada) founded in 2020 by Ben-Zion Benkhin, Parshant Loungani, and Vivek Bhakta.. WOMBO has raised $9 million across 1 funding round from investors including Nvidia, CoreWeave and Web3.com Ventures. WOMBO operates in a competitive market with competitors including Respeecher, deepdub, Musical.ly, Camb.ai and Sonantic, among others.
- Headquarter Toronto, Canada
- Founders Ben-Zion Benkhin, Parshant Loungani, Vivek Bhakta
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wombo Studios Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9 M (USD)
in 1 rounds
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Latest Funding Round
$9 M (USD), Series A
Sep 05, 2024
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Investors
Nvidia
& 4 more
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Employee Count
Employee Count
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Leadership Team
2 people
Co Team
2 people
Accountant Team
1 people
Software Development Team
1 people
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Funding Insights of WOMBO
WOMBO has successfully raised a total of $9M through 1 strategic funding round. The most recent funding activity was a Series A round of $9 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $9.0M
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First Round
First Round
(05 Sep 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - WOMBO | Valuation | Round13 Digital Asset Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WOMBO
WOMBO has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Nvidia, CoreWeave and Web3.com Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage blockchain and fintech companies.
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Founded Year | Domain | Location | |
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Investment in digital asset protocols and teams is managed.
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Founded Year | Domain | Location | |
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AI-powered graphical processing units and SoCs
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WOMBO
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WOMBO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wombo Comparisons
Competitors of WOMBO
WOMBO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Respeecher, deepdub, Musical.ly, Camb.ai and Sonantic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based platform offfering to produce synthetic speech
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| domain | founded_year | HQ Location |
AI-enabled localization solutions for entertainment content are provided.
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| domain | founded_year | HQ Location |
Musical videos are created and shared via an online platform.
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| domain | founded_year | HQ Location |
Video content is dubbed in various languages using AI technology.
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| domain | founded_year | HQ Location |
AI-based text-to-speech solutions are provided for various voices and languages.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wombo
Frequently Asked Questions about WOMBO
When was WOMBO founded?
WOMBO was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is WOMBO located?
WOMBO is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of WOMBO?
Ben-Zion Benkhin is the current CEO of WOMBO. They have also founded this company.
Is WOMBO a funded company?
WOMBO is a funded company, having raised a total of $9M across 1 funding round to date. The company's 1st funding round was a Series A of $9M, raised on Sep 05, 2024.
What does WOMBO do?
WOMBO was founded in 2020 in Toronto, Canada, as an AI-enabled social platform in the video sharing sector. Selfies are captured by users, who select songs for lip-syncing, with AI used to produce corresponding videos. These videos are shared across the platform. Further development is being pursued for an application centered on video creation and sharing functionalities.
Who are the top competitors of WOMBO?
Who are WOMBO's investors?
WOMBO has 5 investors. Key investors include Nvidia, CoreWeave, Web3.com Ventures, SBI Ven Capital, and Round13 Digital Asset Fund.
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