A Sora Rival Raises Millions from NEA

Feb 26, 2024•over 1 year ago

Amount Raised

$30 Million

San FranciscoVideoArtificial Intelligence

Investors

Lightspeed Venture PartnersNvidiaGoogleNea

Description

Genmo is set to raise at least $30 million in funding from NEA, to compete in the AI-powered video generation market against rivals like Runway, Pika Labs, and Midjourney.

Company Information

Company

Genmo

Location

San Francisco, California, United States

About

A video-generation startup using AI technology to automate video creation and editing for filmmakers, producers, and creators.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends