Latest news with #GeneralCatalyst
Yahoo
2 days ago
- Business
- Yahoo
Moonvalley secures $84m funding
Moonvalley, an AI research company specialising in foundational AI video models and tools, has raised $84m in a funding round led by General Catalyst. The participants include Creative Artists Agency (CAA), CoreWeave, Comcast Ventures, Khosla Ventures, and YCombinator. This brings the company's total funding to $154m. Comcast Ventures managing partner Allison Goldberg said: 'Moonvalley's approach to generative videography combining technical excellence with respect for content creators aligns with how we think about innovation in our industry.' Studios and global brands are now more inclined to back AI companies that develop robust models while safeguarding creators' rights, rather than those relying on unlicenced content, the company said in its press release. Recently, Moonvalley launched Marey, which is claimed to be the first production-grade AI generative videography platform tailored for professional filmmakers and brands. Collaborating with its filmmaking division, Asteria, led by Bryn Mooser, the company aims to provide tools that meet the high standards of filmmakers and Hollywood studios, stated Moonvalley. With Marey now available to the public via the new funding will help scale the company to meet increasing enterprise demand. Key objectives include expanding the library of licenced content, developing API access for developers, and enhancing features based on feedback from studio partners. Additionally, Moonvalley is recruiting engineering and support teams for large-scale enterprise implementations. Moonvalley CEO and co-founder Naeem Talukdar said: 'This funding proves you don't have to choose between powerful technology and responsible development. 'We're building world-class models while respecting the creative community, and these partners will help us give studios and creators a real alternative to unlicensed models.' Dedicated to creating next-generation models and tools for creative professionals, Moonvalley draws on expertise from industry leaders such as DeepMind, Disney, DreamWorks, Google, Meta, Microsoft and TikTok, . "Moonvalley secures $84m funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
3 days ago
- Business
- Time of India
Moonvalley raises $84 million to bolster AI video tools
Academy Empower your mind, elevate your skills Artificial intelligence research company Moonvalley has raised $84 million more in a funding round led by existing investor General Catalyst, it said on Monday, a week after releasing its first video AI heavyweights including OpenAI and Alphabet are looking to get a leg-up in the lucrative entertainment industry, as film studios seek to use generative AI to speed up content creation and cut video and image generation tools have also led to lawsuits by major film studios against AI companies, accusing them of copyright infringement and said the investment will help it meet enterprise demand, expand content library and build features that partners have requested. CoreWeave , Khosla Ventures and YCombinator also invested in the last week released its first licensed AI video model for professional month, visual effects veteran Ed Ulbrich, who worked on films such as "Titanic" and "The Curious Case of Benjamin Button," joined Moonvalley as head of strategic growth and company had raised $70 million in November last year, bringing the total funding to $154 million."Our relationship provides Moonvalley with access to advanced compute resources - including the latest GPU systems," Brannin McBee, cofounder and chief development officer for CoreWeave, said.
National Post
3 days ago
- Business
- National Post
Moonvalley Raises Additional $84 Million to Scale Ambitious Vision for Licensed AI Video Model
Article content Led by General Catalyst, with strategic backing from Creative Artists Agency, CoreWeave, and Comcast Ventures, funding will accelerate development of professional-grade generative videography platform Article content TORONTO & LONDON — Moonvalley, the AI research company building foundational AI video models and tools trained exclusively on licensed content, today announced it has raised $84 million in additional funding led by existing investor General Catalyst. The round includes strategic investments from leading entertainment and sports agency Creative Artists Agency (CAA), AI cloud CoreWeave, and Comcast Ventures. Existing investors Khosla Ventures and YCombinator also participated, bringing total funding to $154 million. Article content Article content The funding reflects a broader industry shift as enterprises and entertainment companies champion AI development that respects intellectual property. Major studios and global brands are increasingly prioritizing AI companies that build powerful models while respecting creators' rights, rather than platforms that rely on unlicensed material. Article content 'This funding proves you don't have to choose between powerful technology and responsible development,' said Naeem Talukdar, Moonvalley CEO and co-founder. 'We're building world-class models while respecting the creative community, and these partners will help us give studios and creators a real alternative to unlicensed models.' Article content Moonvalley's model, Marey, recently released to the public, is the world's first production-grade AI generative videography platform built for professional filmmakers and visionary brands. The company works directly with its filmmaking arm, Asteria – led by Bryn Mooser – to develop tools tailored for filmmakers and Hollywood studios that deliver cinematic quality, creative control and commercial-ready outputs. Article content 'We have the exciting opportunity to strategically partner with companies like Moonvalley, who are developing breakthrough advancements in media and technology,' said Allison Goldberg, Managing Partner of Comcast Ventures. 'Moonvalley's approach to generative videography combining technical excellence with respect for content creators aligns with how we think about innovation in our industry.' Article content 'Ethically led and talent-friendly applications of AI are a top priority for CAA. We see an opportunity with these emerging tools and technologies, and having a set of partners who are aligned in the ethics behind AI is critical,' said Alexandra Shannon, Head of Strategic Development, CAA. 'Moonvalley understands that AI should empower artists, not undermine them, and we are excited to help bring this new technology to our clients and the entertainment community at large.' Article content 'CoreWeave is proud to support Moonvalley as demand accelerates for foundational AI video models and tools,' said Brannin McBee, Co-Founder and Chief Development Officer, CoreWeave. 'Our relationship provides Moonvalley with access to advanced compute resources – including the latest GPU systems. Our infrastructure helps Moonvalley scale its commercially safe model to meet growing demand from studios and enterprises seeking powerful, legally compliant AI video solutions.' Article content With Marey now publicly available through the capital will help Moonvalley scale to meet enterprise demand. The company's priorities include expanding the licensed content library, developing API access for developers and internal platform teams, and building features that studio and enterprise partners have requested. Moonvalley is also hiring the engineering and support teams needed for enterprise-scale deployments. Article content 'Our research team is solving the hardest problems in video AI, from understanding real-world physics and natural motion to giving filmmakers frame-level control,' said Mateusz Malinowski, Moonvalley's Chief Scientific Officer. 'We're proving that licensed models can deliver the quality and precision that professional productions demand.' Article content About Moonvalley Article content Moonvalley is an AI research company building next-generation models and tools for creative professionals. The company brings together talent from DeepMind, Google, Meta, Microsoft, TikTok, Disney, DreamWorks and other leading entertainment companies, unified around advancing visual intelligence. Through partnerships with film studios, production companies, and brands, Moonvalley is proving that powerful generative AI can be built while respecting artists' and creators' rights. Article content Article content Article content Article content Article content
Finextra
3 days ago
- Business
- Finextra
Bilt hits $10.75bn valuation
Neighbourhood loyalty platform Bilt has raised $250 million in primary funding, sending its valuation soaring to $10.75 billion. 0 The round was led by General Catalyst and GID with further investment from United Wholesale Mortgage and more than triples Bilt's valuation from a $150 million round just a year ago. Launched in 2021, Bilt began as the first platform enabling US consumers to earn rewards on their largest monthly expenditure - rent - and then use the rewards via a card at local merchants. The firm's network of homes has now signed one in four apartment buildings across the United States and partnered with over 40,000 merchants nationwide. It has also grown from a card business into a full loyalty ecosystem, with more than 85% of members now using its platform via ACH, debit cards, credit cards, and more. Meanwhile, it drives business to merchants in its local network through an AI-powered 'neighbourhood concierge' that introduces members to those merchants and offers personalized recommendations. With new funding in place, Bilt is now expanding to all housing categories: condo, student housing and mortgage payments. Says CEO Ankur Jain: "What makes Bilt special isn't just our scale—it's our flywheel effect. More properties in our network attract more merchants, which creates more value for residents, which attracts more properties. This virtuous cycle, powered by our AI-driven commerce platform and comprehensive merchant integrations, creates an ecosystem that becomes stronger with each new participant."
Yahoo
6 days ago
- Business
- Yahoo
Bilt valued at around $10.8 billion in latest funding round
(Reuters) -Payments and commerce network Bilt said on Thursday it raised $250 million in a funding round, valuing the company at $10.75 billion. The round was led by General Catalyst and GID, with additional investment from United Wholesale Mortgage. Investor interest in payment platform companies has surged as funds continue to flow into such startups. Bilt, which enables renters and homeowners to earn rewards on housing payments, said it plans to use the funds to expand its platform and launch new products.
