Moonvalley has secured $84 million in new funding for its AI video tools, bringing its total to $154 million. Led by General Catalyst, the round features investments from CAA, Comcast Ventures, CoreWeave, Khosla Ventures, and YCombinator. The firm focuses on ethical AI, emphasizing its model Marey, trained on licensed and proprietary video content, addressing industry copyright concerns. Marey is publicly available and sold on a subscription basis, starting at $14.99 a month. CEO Naeem Talukdar aims to expand Marey's capabilities, which already sources footage from independent filmmakers and YouTubers.
Moonvalley has raised a total of $154 million in funding, with $84 million coming from its most recent investment round led by General Catalyst and supported by notable Hollywood entities like CAA and Comcast Ventures.
The company is dedicated to developing ethical AI video tools, with its model, Marey, specifically trained on licensed content, aiming to alleviate copyright concerns raised against other AI firms.
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