Moonvalley Raises $84 Million to Expand AI Video Tools for Entertainment Industry
Moonvalley, an artificial intelligence research company, has secured an additional $84 million in funding, led by existing investor General Catalyst. This investment follows the recent release of Moonvalley’s first licensed AI video model for professional production. The funding round also saw participation from CoreWeave, Khosla Ventures, and YCombinator. The capital will be utilized to meet growing enterprise demand, expand the company’s content library, and develop new features requested by partners.
The entertainment industry is increasingly adopting generative AI to accelerate content creation and reduce costs. However, the use of AI in video and image generation has led to legal challenges, with major film studios accusing AI companies of copyright infringement and plagiarism.
In June, Moonvalley appointed visual effects veteran Ed Ulbrich, known for his work on films such as Titanic and The Curious Case of Benjamin Button, as head of strategic growth and partnerships. The company had previously raised $70 million in November 2024, bringing its total funding to $154 million.
Brannin McBee, co-founder and chief development officer of CoreWeave, highlighted that the partnership provides Moonvalley with access to advanced compute resources, including the latest GPU systems.
The investment positions Moonvalley to further enhance its AI video tools and expand its presence in the entertainment industry.
