Snap Spins Off AI Video Team Into Dotmo as CTO Bobby Murphy Takes Stake
Updated
Updated · TechCrunch · Jun 18
Snap Spins Off AI Video Team Into Dotmo as CTO Bobby Murphy Takes Stake
3 articles · Updated · TechCrunch · Jun 18
Summary
Dotmo will launch as a separate company built from Snap’s internal generative AI video team, focused on AI models for interactive gaming and entertainment.
Snap said the spinoff reflects the high cost of developing that technology in-house, letting it cut the financial burden while keeping upside through a large equity stake.
Bobby Murphy will be Dotmo’s lead investor with a significant personal stake, while Snap will license technology to the startup and several current employees will leave to join it.
The move is Snap’s second major spinoff of 2026 after hiving off Specs, and follows roughly 1,000 layoffs earlier this year as the company narrows priorities beyond its core business.