Paris-based Moments Lab raises €21 million in funding to accelerate US expansion and R&D work on MXT-2 multimodal AI.
Existing investors Supernova Invest and Elaia Partners, along with new investors Oxx, Orange Ventures, and Kadmos participated in the funding round.
Moments Lab, co-founded by twin brothers in 2016, aims to simplify media teams' work with audiovisual content using MXT platform for video parsing and creation.
The MXT Multimodal AI by Moments Lab is designed to make audiovisual content searchable, enabling organizations to find, repurpose, and monetize content efficiently.