# Genmo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/genmo

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.genmo.ai/
- Total disclosed funding: $28M
- Latest round: Series A (Feb 27, 2024)
- Investors on record: 6

## About

Genmo, Inc. was founded in 2022 in San Francisco, US, focusing on video generation technology. The company successfully raised funding in its Series A round on February 27, 2024, which amounted to USD 28.4 mn. New Enterprise Associates led the funding, with participation from Eastlink Capital, Gold House Ventures, The House Fund, and WndrCo. 

Genmo offers a video generation technology, with its flagship product being Mochi 1, an open-source video generation model. This tool utilizes artificial intelligence to generate realistic human motion and expressions while allowing users to maintain detailed control over various aspects such as characters, settings, and actions. The model is particularly adept at aligning video outputs with textual prompts, making it suitable for a range of creative applications including movie trailers and cinematic productions. Targeting developers, content creators, and businesses looking for automated video solutions, Genmo aims to help the video creation process with a focus on physics-based realism. The company's offerings cater primarily to markets in North America and Europe, where the demand for video content creation is rapidly growing. 

Genmo generates revenue through a subscription-based model for its video generation tools, particularly Mochi 1. Clients, which include independent filmmakers, marketing agencies, and developers, engage with the company by subscribing to access the software, which facilitates seamless video production. Revenue streams can also include potential partnerships with enterprises looking to leverage Genmo’s technology for in-house video projects. Specific pricing plans and transaction structures are designed to accommodate varying levels of usage, thus offering flexibility to both small businesses and larger organizations. The company maintains a focus on delivering premium, customizable video solutions, thereby reinforcing its position in the burgeoning market for AI-driven video generation. The firm charges USD 8 per month for its Lite plan, USD 24 for its Standard plan and offer one plan for free.

Genmo, Inc. plans to utilize the recent Series A funding of USD 28.4 mn to enhance the development of Mochi 1, further refining its capabilities in generating high-quality videos from text prompts. The company is targeting expansion into new geographic markets, particularly in Asia and South America, by the end of 2024, to cater to the growing demand for AI-driven video solutions in these regions. Genmo aims to launch additional products that complement Mochi 1, enhancing user experience and broadening its market reach.

## Funding rounds

- Series A, Feb 27, 2024, $28M — New Enterprise Associates, Eastlink Capital, The House Fund, WndrCo, Essence VC, Gold House Ventures

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A
- Eastlink Capital (https://capitalatlas.ai/funds/eastlink-capital) — Series A
- The House Fund (https://capitalatlas.ai/funds/the-house-fund) — Series A
- WndrCo (https://capitalatlas.ai/funds/wndrco) — Series A
- Essence VC (https://capitalatlas.ai/funds/essence-vc) — Series A
- Gold House Ventures (https://capitalatlas.ai/funds/gold-house-ventures) — Series A