Magisto is the developer of a one-of-a-kind, A.I. powered, video creation tool designed to enable users to drive growth with stunning, attention-grabbing videos.
Vimeo, the IAC-owned platform for hosting, sharing and monetizing streamed video, has made an acquisition to expand into providing more creation and editing tools. The company has acquired Magisto, a startup founded in Israel that currently has more than 100 million users, which focuses on providin…