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AI video startup Moonvalley has successfully raised $43 million, according to a recent SEC filing. The funding will support the company's ongoing development of its AI model, Marey, which is capable of generating high-definition video clips up to 30 seconds in length. The investment highlights the growing interest and financial backing in AI-driven media technologies, positioning Moonvalley as a notable player in the industry. Additionally, the company is reportedly working on licensing arrangements to expand its market reach.
Filing: Moonvalley, whose AI model Marey generates "HD" clips up to 30 seconds in length, raised $43M and says it's working on licensing arrangements (@kyle_l_wiggers / TechCrunch) https://t.co/vU64EE7pR6 https://t.co/uv2jJiBEci
Hold onto your wallets, folks! AI video startup Moonvalley just scored a staggering $43M to keep pumping out video magic. Apparently, they think Marey can outdo Hollywood. Who needs creativity when you’ve got cash? Check out the full story here: https://t.co/0xtcwlsmRk
AI video startup Moonvalley raised a fresh $43M, SEC filing shows: https://t.co/n9ljRDqFOB by TechCrunch #infosec #cybersecurity #technology #news
