AI video startup Moonvalley lands $53M, according to filing

Roughly a month after Moonvalley, a Los Angeles-based startup developing AI tools for video creation, said it secured $43 million in new funding, the company has raised more, according to a filing with the SEC. The filing, submitted Thursday, reveals that Moonvalley actually landed (so far) around $53 million total from a group of 14 unnamed investors. The filing indicates that this is an additional $10 million in cash, rather than a whole new round. It brings the company’s total raised to about $124 million, estimates Pitchbook, following on the heels of Moonvalley’s $70 million seed round last November. Moonvalley declined to comment. The wide availability of tools to build video generators has led to such an explosion of providers that the space is becoming saturated. Startups such as Runway, Lightricks, Genmo, Pika, Higgsfield, Kling, and Luma, as well as tech giants like OpenAI, Alibaba, and Google, are releasing models at a fast clip. In many cases, little distinguishes one mo ... Read full article.