Wombo.ai

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Generative AI Applications?
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Minimum Viable Product
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Image generation
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Wombo.ai is a Canada-based AI entertainment company specializing in the development of mobile applications with a focus on digital entertainment. The company’s first product (launched in 2021) was an AI-powered lip-sync app known as “Wombo,” which allows users to create deepfake videos by lip-syncing any image to a selection of songs. The company also launched another app called “Wombo Dream” in November 2021, which generates art using AI. It is also reportedly the first mobile app to enable image editing with text. The company differentiates itself by democratizing creativity through AI, with its apps achieving significant user traction globally. Both its products launched in 2021 have hit the number one spot in over 50 countries, cumulatively amassing over 85 million downloads as of October 2022​.

In November 2023, the company launched a new app called “Wombo Me” that allows users to create multiple lifelike avatars from a single selfie.

Key customers and partnerships

The company’s user base (creators) ranges from Gen-Z to those from the 90’s generation. As of January 2022, Wombo and Wombo Dream had more than 10 million monthly active users.

HQ location:
71 Charles St E Toronto ON CAN
Founded year:
2020
Employees:
1-10
IPO status:
Private
Total funding:
USD 15.0 mn
Last Funding:
USD 9.0 mn (Seed; Sep 2024)
Last valuation:
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