Lightricks, a privately owned company headquartered in Israel, was founded in 2013 and employs approximately 560 individuals. Specializing in software development, the company develops video and image editing mobile applications, notably known for its selfie-editing app, Facetune.

Revenue

Founded

2013

Headcount

555

Headquarters

Israel

Primary Segment

Software Development

Ownership

Privately Owned

News Summary:

Lightricks released a prompting guide for its open-source AI video model, LTX Video, on March 15, 2026. This model generates 5-second clips with 121 frames at 768x512 resolution, available for free and commercial use, and employs a simplified 4-part prompt structure optimized for text-to-video and image-to-video capabilities. Earlier in March, on the 5th, the company's LTX-2.3, an open-source audio-video generation model, gained native support in ComfyUI, delivering quality improvements in fine details, portrait video, audio, image-to-video understanding, and text rendering. Previously, on February 23, the creator of the Facetune app announced its intention to split its consumer app business from its generative AI video platform, LTX, according to an internal memo seen by Reuters. This move aims to better capitalize on growth in artificial intelligence. The company had introduced LTX 2.0 Pro, an AI video generator, on February 9.

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Lightricks offers 2 products in the enterprise tech industry. Lightricks's product portfolio comprises of generative AI.
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