Moonvalley, a Toronto-based AI company developing foundational AI video models trained solely on licensed content, has raised US$84Mn in new funding. The round was led by existing investor General Catalyst and included participation from Comcast Ventures, CAA, CoreWeave, Khosla Ventures, and Y Combinator. This brings Moonvalley’s total funding to US$154 million.

The funding will help scale up Marey, Moonvalley’s AI video generation platform, which was recently launched for professional filmmakers and brand studios. The company plans to expand its library of licensed training data, roll out developer APIs, and build features tailored to enterprise and studio partners. 

Moonvalley currently employs around 100 people across its offices in Toronto and Los Angeles.

Moonvalley’s leadership team and staff include alumni from DeepMind, Meta, Microsoft, TikTok, Disney, and DreamWorks. The company also works closely with its in-house filmmaking unit, Asteria, to develop tools for cinematic production.

“This funding proves you don’t have to choose between powerful technology and responsible development,” said Naeem Talukdar, CEO and co-founder of Moonvalley. “We’re building world-class models while respecting the creative community.”

Allison Goldberg, managing partner at Comcast Ventures, noted, “Moonvalley’s approach to generative videography combines technical excellence with respect for content creators—aligning with our vision for innovation in media and technology.”