News Summary

Moonvalley, a Los Angeles-based startup specializing in AI video creation tools, has raised $43 million in a new funding round, as revealed by an SEC filing. The investment includes contributions from 11 unnamed investors and follows the launch of Moonvalley’s AI video-generating model, Marey. The startup had previously secured $70 million in seed funding from notable backers such as General Catalyst, Khosla Ventures, and Bessemer Venture Partners. Moonvalley’s new model, developed with AI animation studio Asteria, offers advanced customization features and aims to mitigate legal risks associated with video generation. The company is also addressing industry concerns by allowing creators to remove their content from its models and offering an indemnity policy to safeguard users from copyright issues.