Lightricks to build an 8,600 square feet R&D center in Haifa
The company has already started hiring for the new center which will be headed by Idan Megidish. CEO Zeev Farbman said the move “will allow us to reach a large population located in the north of the country"
In the first phase, 35 employees will work in Haifa, including developers, product managers, designers, recruitment staff, and others, while the center is expected to develop into additional fields. The new R&D center will be managed by Idan Megidish, who also serves as the company's Operations Lead.Lightricks, which develops apps for video editing and photo designing on smartphones, raised $130 million last month at a value of $1.9 billion (after money). It was founded in 2013 by CEO Zeev Farbman, Nir Pochter, Yaron Inger, Amit Goldstein and Itai Tsiddon, and currently employs over 450 employees in Israel and around the world, most of them in Jerusalem.