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Triller

Los Angeles, US Β· Public Β· 22 known investors

Triller is a Los Angeles-based short-form video, social media and combat sports company known for the Triller app and TrillerTV.

Also known as Triller Corp. Β· Triller Group Inc. Β· Triller Hold Co Β· Triller Inc. Β· TrillerNet Β· TrillerVerz Company

Founders & leadership

PH
Pei Huang ShuActing Chief Financial Officer
MC
Mark CarbeckTriller's Chief Financial Officer
WN
Wing-Fai NgChief Executive Officer and Director
BSBobby Sarnevesht
Bobby SarneveshtinFounder

Board

RE
Robert E. Diamond, Jr.Chairman and Director
FY
Felix Yun Pun WongIndependent Director
BC
Brian ChanIndependent Director
TN
Thomas NgIndependent Director

Investors Β· 22

Also in the syndicate Β· 15

Baron DavisFarvahar PartnersGlobal Emerging MarketsleadJake PaulKCP HoldingsleadKendrick LamarLil WayneMarshmelloMetallicaPitbullSnoop DoggThe WeekndTITygaYoungThug

Reported raises Β· per SEC filings

Form D private placements

$246.6M disclosed across 2 of 6 rounds Β· 2019–2025

β–Ά$14MraisedFeb 2025 Β· 1 investors Β· Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Roger C. KennedyDirector
  • Pei Huang ShuExecutive Officer
  • Thomas NgDirector
  • Brian ChanDirector
  • Mark CarbeckExecutive Officer
  • Felix Yun Pun WongDirector
  • Bobby SarneveshtDirector
  • Wing-Fai NgExecutive Officer, Director
Amount sold
$14M
First sale
Jan 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR β†—
β–Ά$232.6MraisedNov 2024 Β· 282 investors Β· Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Pei Huang ShuExecutive Officer
  • Robert E. Diamond, Jr.Director
  • Felix Yun Pun WongDirector
  • Mark CarbeckExecutive Officer
  • Bobby SarneveshtDirector
  • Brian ChanDirector
  • Thomas NgDirector
  • Wing-Fai NgExecutive Officer, Director
Amount sold
$232.6M
First sale
Oct 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR β†—

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Triller Inc. is an American company operating in online video, social media and combat sports. It owns and is named after the Triller app, a short-form video-sharing and social networking service first released for iOS and Android on July 23, 2015. The app began as a video editor that used artificial intelligence to automatically stitch multiple takes of clips into music videos, and later added social features such as following other users and public sharing. Users can create music videos, lip-sync videos and skits, choosing between a "music video" mode with trimmable audio and a "social video" mode, and can apply filters and text.

Beyond the app, the company has assembled a portfolio of streaming and live-events assets, including the streaming service FITE TV (later TrillerTV, a distributor of wrestling and combat sports pay-per-views for promotions such as AEW Plus, GCW and TNA), the live-stream music platform Verzuz, influencer event firm Thuzio, Flipps Media, and a majority stake in Bare Knuckle Fighting Championship. It also built a live pay-per-view boxing business under the Triller Fight Club and Triller Triad Combat banners, staging events such as Mike Tyson vs. Roy Jones Jr. and Jake Paul vs. Ben Askren that mixed boxing with music performances and celebrity appearances. Following its 2024 combination with AGBA Group Holding, the group also controls AGBA, a financial services marketplace.

The corporate entity is headquartered at 2121 Avenue of the Stars, Los Angeles, California, with the post-merger public parent, Triller Group Inc., headquartered in Delaware and an AGBA office maintained in Hong Kong. Key people have included CEO Mahi de Silva, President Mike Lu, VP of Content & Strategy Lauren Braun Diamont, and former CEO Bobby Sarnevesht; Ryan Kavanaugh's Proxima Media took a majority investment in 2019.

Founding story

Triller was launched on July 23, 2015 in Los Angeles by co-founders David Leiberman and Sammy Rubin, initially positioned as an AI-driven video editing app that automatically assembled distinct clips into music videos. The founders later added Triller Famous, an in-app page curating user videos. In 2016 the app was purchased by Carnegie Technologies, which converted it into a social networking service by letting users follow one another and publish videos publicly. In 2019, Ryan Kavanaugh's Proxima Media made a majority investment in the business.

Business model

Triller combines a free consumer short-form video app monetized through advertising and creator/brand activity with paid live entertainment and streaming assets: pay-per-view combat sports events under Triller Fight Club and Triller Triad Combat, digital distribution of third-party wrestling and combat sports pay-per-views through TrillerTV/FITE, live-stream music programming via Verzuz, influencer events through Thuzio, and, after the AGBA combination, a financial services marketplace.

Revenue sources described include social network advertising around the video platform, pay-per-view sales and distribution of live boxing and combat sports events, and subscription/transactional streaming through TrillerTV (formerly FITE). Company leadership said Triller had zero revenue at its 2019 inception and was on track to exceed $100 million in revenue in the year of its 2022 statement.

Traction

Triller claimed its app had been downloaded more than 350 million times as of 2022 and said it was on track to break $100 million in revenue that year, up from zero revenue at its 2019 inception; both user and install claims have been publicly disputed by third parties and former employees. Its November 2020 Tyson vs. Jones pay-per-view was reported at at least 1.6 million buys, making it the most-bought combat sports pay-per-view of 2020. Headcount fell from more than 200 employees at the time of the 2024 AGBA deal and 288 in December 2024 to 144 in December 2025. The stock, which traded above $21 in 2022, was at $0.61 in May 2025, and market capitalization was about $60 million in late June 2026, up from $5 million at the start of 2026.

Latest developments

Since July 2025 the Triller app lost most core functionality, including sign-in and viewing other users' content, and as of August 2026 its online services no longer function and it is no longer available on the App Store. Nasdaq delisted the company on December 30, 2025 after missed filings; in January 2026 Triller Group said it would appeal through Dickinson Wright's Jacob Frenkel, who filed an emergency application with the SEC, attributed the delay to a remaining account-consolidation issue tied to the October 2024 business combination, and said it expected to regain filing compliance within weeks and return to trading on a major exchange. In late June 2026 the company announced plans to acquire a "significant position" in SpaceX priced at over $400 million to hold as a strategic treasury asset, and its stock rose on the news.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Triller positioned itself as the leading American alternative to TikTok during 2020, briefly reaching number one in the U.S. App Store and topping charts in some countries, but it has consistently lagged TikTok in the social video market. Its user and install claims have been publicly disputed: Apptopia estimated 52 million lifetime installs by August 2020 against Triller's claim of 250 million, and former employees contested the company's claim of 100 million monthly active users in October 2020, citing internal analytics showing under 2.5 million. Its streaming arm TrillerTV is described as a key international distributor for AEW Plus and a major digital pay-per-view outlet for wrestling and combat sports promotions.

Triller differentiated its app from other short-form video services through AI-based automatic editing of music videos rather than manual editing, and positioned itself as a U.S.-owned alternative to Chinese-owned TikTok. At the group level it combined a creator platform with owned live entertainment and combat sports properties, including bare-knuckle and boxing promotions and a pay-per-view streaming distributor.

Technology

The Triller app's core feature is an auto-editing tool that uses artificial intelligence to stitch separate video clips, shot to the same background music with different filters or edits, into a finished music video without manual editing; users can then rearrange or replace clips and add filters and text. Music functionality relies on licensed catalogs, including access to roughly 80 million tracks via a 2020 deal with B2B music company 7digital, which also reports usage data to major rights holders.

Go-to-market

Triller grew through aggressive celebrity and influencer marketing: equity, titles, rent-free housing and other perks for recruited TikTok creators; celebrity investors and endorsers including Snoop Dogg, Kendrick Lamar, The Weeknd and Donald Trump Jr.; branded parties, watch parties and premieres; and high-profile pay-per-view boxing cards blending sports, music and internet personalities in what Ryan Kavanaugh called "four-quadrant" events. It also used music-industry licensing deals and league partnerships, such as serving as digital media partner to Big3 in 2021, and courted investors directly, including an April 2025 investor dinner at Mar-a-Lago for more than 100 South Florida investors.

Geography

Triller serves users worldwide, with the app's audience concentrated in the United States and, in 2020, India. The operating company is headquartered in Los Angeles, California; the public parent formed with AGBA is headquartered in Delaware while maintaining an AGBA office in Hong Kong.

History

After its 2015 launch and 2016 sale to Carnegie Technologies, Triller gained mainstream attention in 2020 as a TikTok alternative, first in India following that country's June 2020 ban of TikTok, and then in the United States amid the Trump administration's threatened ban. During that period the company ran Trillerfest, a three-day streaming music festival for No Kid Hungry and the MusiCares COVID-19 Relief Fund; sued ByteDance over video-editing patents; recruited TikTok creators such as Charli D'Amelio and Josh Richards; and attempted a $20 billion bid for TikTok with financing from Centricus. From 2020 onward it moved into live events and streaming, partnering with Mike Tyson's Legends Only League and Snoop Dogg to launch Triller Fight Club, and acquiring Verzuz (March 2021), FITE TV and Amplify.at (April 2021), Thuzio (November 2021) and a majority stake in Bare Knuckle Fighting Championship (February 2022). A planned merger with SeaChange International announced in December 2021 was abandoned in June 2022 in favor of a standalone IPO, and a separate $5 billion reverse merger was also called off. The company ultimately went public on October 16, 2024 through a reverse merger with Nasdaq-listed SPAC AGBA Group Holding Limited, becoming Triller Group Inc. under the ticker ILLR. Through 2025 the company missed required SEC filings, received Nasdaq delinquency notices, disclosed that an announced $14 million private placement had never closed, and was delisted from Nasdaq on December 30, 2025.

Risks & controversies

Triller has faced extensive litigation and compliance problems. Disputes over music rights include Universal Music Group pulling its catalog in February 2021 over unpaid royalties (resolved by an expanded deal in May 2021), a Sony Music suit over unpaid licensing fees, a settled suit by Timbaland and Swizz Beatz, and a $2.55 million default judgment in a Merlin royalties action in November 2025. It exchanged patent and reputation lawsuits with ByteDance and TikTok in 2020, sued sites and an individual over piracy of Jake Paul vs. Ben Askren, and threatened to sue Apptopia over install estimates. Its user metrics were contradicted by internal analytics described by former employees. The International Boxing Federation stripped Triller of promotional rights to Lopez vs. Kambosos after repeated postponements. Financially, the company missed its 2024 10-K and Q1 2025 10-Q, drew two Nasdaq delinquency notices, disclosed that a $14 million KCP Holdings private placement announced in January 2025 never closed and was replaced by a still-contingent $10 million convertible note, and was delisted from Nasdaq on December 30, 2025. In 2026, eight staffers said they had gone unpaid since June 2025 with work emails and health insurance cut off and no termination notice; six filed a Santa Barbara Superior Court suit alleging about $280,000 in collective unpaid wages, and others filed California Labor Board claims. Triller's corporate and app websites were reported down in January 2026, and as of August 2026 the app's online services no longer functioned and it was no longer downloadable from the App Store.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Timeline Β· 26

launches, deals, and filings
Jun 2026
Plan to acquire over $400 million position in SpaceX

Triller announced it plans to acquire a "significant position" in SpaceX priced at over $400 million, to be held as a strategic treasury asset; its stock rose on the news.

$400M source β†—

Dec 2025
Delisted from Nasdaq

Nasdaq removed Triller Group (ILLR) from the exchange after the company failed to submit annual and quarterly reports; Triller said it would appeal and sought to regain filing compliance.

source β†—

Nov 2025
$2.55 million default judgment in Merlin royalties action

A federal judge entered a $2.55 million default judgment against Triller in a royalties action brought by Merlin.

$2.5M source β†—

Oct 2025
Nasdaq delisting determination letter

Triller received a delisting determination letter from Nasdaq over missing earnings reports.

source β†—

Jul 2025
Triller app loses core functionality

From July 2025 the app lost the ability to sign in and view other users' content, retaining only local recording and saving.

source β†—

Apr 2025
$14 million private placement terminated and replaced

Triller disclosed in April filings that the January 2025 KCP Holdings-led $14 million private placement never closed; it was replaced by a $10 million convertible note and warrant agreement contingent on funding.

$10M source β†—

Apr 2025
Investor dinner at Mar-a-Lago

Triller hosted an investor dinner at Mar-a-Lago billed as an opportunity to present its vision to more than 100 South Florida investors.

source β†—

Mar 2025
Nasdaq delinquency notices over missed SEC filings

Triller failed to file its 2024 Form 10-K and Q1 2025 Form 10-Q, triggering two Nasdaq delinquency notices and a March filing for more time.

source β†—

Oct 2024
Triller goes public via reverse merger with AGBA SPAC

Triller completed a reverse merger with Nasdaq-listed AGBA Group Holding Limited; the combined entity was renamed Triller Group Inc. and traded under the ticker ILLR.

source β†—

Apr 2024
Agreement to be acquired by AGBA Group Holding

Boards of Triller and Hong Kong-based AGBA Group Holding approved a deal making Triller a wholly owned subsidiary of the publicly traded AGBA, taking Triller public; Triller stockholders to own 80% and AGBA shareholders 20%, with the combined company headquartered in Delaware and Triller remaining in Los Angeles.

source β†—

Feb 2022
Triller acquires majority stake in Bare Knuckle Fighting Championship

source β†—

Dec 2021
Announced merger with SeaChange International

Triller announced plans to merge with SeaChange International and go public, with Triller shareholders owning at least 97.7% of the combined company, to be renamed TrillerVerz Company; Triller backed out in June 2022 to pursue a standalone IPO.

source β†—

Nov 2021
Triller acquires Thuzio

Acquisition of influencer event firm Thuzio.

source β†—

Jun 2021
Digital media partnership with Big3

Triller became digital media partner for the Big3 league, including 30 hours of live game streaming in the Triller app, draft coverage and courtside advertising.

source β†—

Apr 2021
Triller acquires FITE TV and Amplify.at

Acquisition of video streaming service FITE TV, later rebranded TrillerTV, and customer engagement service Amplify.at.

source β†—

Mar 2021
Licensing agreement with National Music Publishers' Association

source β†—

Mar 2021
Triller acquires Verzuz

source β†—

Feb 2021
Universal Music Group pulls catalog over unpaid royalties

UMG removed its library from Triller citing withheld payments; the parties reached an expanded licensing agreement in May 2021.

source β†—

Dec 2020
Triller Fight Club launched with Snoop Dogg

Triller announced a partnership with Snoop Dogg to form Triller Fight Club, a boxing league producing annual pay-per-view cards; its first event was Jake Paul vs. Ben Askren on April 17, 2021.

source β†—

Oct 2020
Licensing deals with rights societies and publishers

Triller signed licensing deals with PRS for Music, GEMA, STIM and IMRO, and publishers Concord, Downtown and Peermusic.

source β†—

Aug 2020
Music licensing partnership with 7digital

7digital to provide Triller access to a catalogue of 80 million tracks and automatically report usage data to Sony Music, Warner Music Group, Universal Music Group and Merlin Network.

source β†—

Jul 2020
Media partnership with Mike Tyson's Legends Only League

Triller became media partner for Legends Only League boxing events, starting with the Mike Tyson vs. Roy Jones Jr. exhibition on November 28, 2020, distributed via pay-per-view.

source β†—

Jul 2020
Triller sues ByteDance over video-editing patents

Triller sued TikTok parent ByteDance for infringing patents relating to video editing; ByteDance and TikTok countersued.

source β†—

Apr 2020
Trillerfest streaming music festival

Three-day streaming music festival in support of No Kid Hungry and the MusiCares COVID-19 Relief Fund, headlined by Don Diablo, Marshmello, Migos, Pitbull, Snoop Dogg and Wyclef Jean.

source β†—

Jan 2019
Proxima Media takes majority investment in Triller

Ryan Kavanaugh's Proxima Media made a majority investment in Triller.

source β†—

Jan 2016
Carnegie Technologies purchases the Triller app

Carnegie Technologies bought the app and converted it from a video editor into a social networking service.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Triller do?
Triller is a Los Angeles-based short-form video, social media and combat sports company known for the Triller app and TrillerTV.
Who are Triller's investors?
Triller's investors include Defy Partners, East West Ventures EWV, EQUIAM, Sandalphon Capital, Sommet AB, The Players' Impact, Lowercase Capital.
How much funding has Triller raised?
Triller has disclosed $246.6M raised across 2 of its 6 known rounds.
Where is Triller headquartered?
Triller is headquartered in Los Angeles, US.