AI video startup Moonvalley raised a fresh $43M, SEC filing shows

Los Angeles-based startup Moonvalley, which is developing AI tools for video creation, has raised a fresh $43 million in venture capital, according to an SEC filing. The filing, which lists 11 unnamed investors, comes roughly a week after Moonvalley launched its first AI video-generating model, Marey. Moonvalley previously raised $70 million in seed funding from backers including General Catalyst, Khosla Ventures, and Bessemer Ventures. A spokesperson for Moonvalley told TechCrunch that the filing “does not dictate the total funding number” and that “the actual number will be formalized and announced in the coming weeks.” The wide availability of tools to build video generators has led to a Cambrian explosion of vendors in the space. In fact, it risks becoming oversaturated. Startups such as Runway and Luma, as well as tech giants like OpenAI and Google, are releasing models at a fast clip — in many cases with little to distinguish them from each other. Moonvalley’s Marey model, wh ... Read full article.