Moonvalley, a Toronto, Canada-based imagination research company specializing in generative AI tools, has secured $70 million in funding to date.
Investors
The round was led by General Catalyst and Khosla Ventures, with participation from Bessemer Ventures. The partners are Hemant Taneja, Samir Kaul, and Byron Deeter, as well as Alexa Liataud (GC), Janelle Teng at Bessemer, and Vinod Khosla.
General Catalyst is a global investment and transformation firm that partners with resilient, AI-focused entrepreneurs. Supporting founders from seed through growth stages, the firm has helped scale over 700 businesses. General Catalyst operates from offices in San Francisco, New York City, Boston, Berlin, Bangalore, and London.
Khosla Ventures, founded in 2004 and based in Menlo Park, California, is a venture capital firm that supports entrepreneurs in AI, sustainability, enterprise, consumer, health, and frontier technologies. With over $15 billion in assets under management (AUM), the firm invests in early- to growth-stage companies, with a focus on bold, transformative technologies.
Moonvalley Use of Funds
The company plans to use this funding to continue advancing AI research, developing creative tools, and improving deep learning models. It will also be directed toward expanding the company's research and development efforts, hiring top talent, and accelerating the deployment of its cutting-edge AI solutions.
About Moonvalley
Moonvalley is a deep learning research company building creative tools & deep learning models that captivate. The company is working with a world-class team of experts from top organizations like DeepMind, Google, Meta, TikTok, and Microsoft. Their goal is to create an artist-first creative suite for the film industry, advancing frontier foundational video models that enable new creative possibilities.
Funding Details
Company: Moonvalley
Raised: $70.0M
Round: Unknown
Funding Date: November 2024
Lead Investors: General Catalyst, Khosla Ventures
Additional Investor: Bessemer Ventures
Company Website: https://www.moonvalley.com/
Software Category: Creative Tools
Source: https://www.prnewswire.com/news-releases/ai-company-moonvalley-raises-70-million-in-funding-to-develop-future-of-generative-media-302307953.html