Moonvalley, a leading imagination research company that is building generative AI creative models and tools, announced today it has raised $70 million in funding to date. This funding will propel the development of AI tools and models designed to enhance trust, transparency, and efficiency within the media industry.
The company also plans to use this funding to continue advancing AI research, developing creative tools and deep learning models. Working with a team of researchers, engineers and artists from companies like Deepmind, Google, Meta, TikTok, Microsoft and more, the goal is to build an artist-first creative suite for the film industry and creatives, cementing Moonvalley as a pioneer in the video model space.
As the relationship between media and AI continues to evolve and not without skepticism, Moonvalley looks to establish itself as the most trusted partner for media organizations, building a trusted creative suite for the film industry and creatives. The new funding round will also be directed towards expanding the company’s research and development efforts, hiring top talent, and accelerating the deployment of its AI solutions.
The funding round was led by General Catalyst & Khosla Ventures, with participation from Bessemer Ventures. Partners are Hemant Taneja, Samir Kaul & Byron Deeter, and Alexa Liataud (GC), Janelle Teng at Bessemer and Vinod Khosla.
KEY QUOTES:
“We’re energized by this incredible support, which accelerates our mission to build frontier foundational video models. Our team consists of the best researchers in the world who are dedicated to this vision and this new capital enables us to push the boundaries of creative technology and design a new model that empowers and supports artists. Together, we’re driving transformative solutions that will shape the future of media in unprecedented ways.”
– Naeem Talukdar, Moonvalley Co-founder and CEO
“Moonvalley is advancing the entertainment industry by bringing together world-class talent to custom build generative AI video tools for filmmakers, artists, and brands.”
– Hemant Taneja, CEO and Managing Director of General Catalyst
