AI video startup Moonvalley has secured an additional $53 million in funding, according to a recent SEC filing. This follows closely on the heels of a $43 million raise just a month prior. The Los Angeles-based company is developing AI tools for video creation, including its first AI video model, Marey, created with Asteria. Marey allows users precise control over camera angles and motion, generating high-definition videos up to 30 seconds long.
Moonvalley is taking a different approach by buying licensed video content to train its models, addressing copyright concerns. The company aims to build AI tools that respect artists and support fair use. Moonvalley had previously raised $70 million from investors including General Catalyst, Khosla Ventures, and Bessemer Venture Partners. The company's Marey model is designed for high-end production environments, offering more control than existing text-to-video models.
With this new capital, Moonvalley plans to advance its AI research, develop creative tools, and expand its team. The company aims to establish itself as a trusted partner for media organisations, building a creative suite for the film industry. Moonvalley's approach reflects a growing demand for transparency and accountability in generative media.
