Moments Lab, leader of AI Video Discovery, has announced its $24 million funding with participation from Orange Ventures, Kadmos, Supernova Invest and Elaia Partners, led by Oxx.
Created for media, entertainment companies, sports organizations and global brands, Moments Lab is tackling the growing challenge of managing and monetizing a vast video library. Its AI allows organizations to quickly index, archive, search, reuse and monetize content at scale.
Momentum: Moments Lab has more than doubled its recurring revenue over the past 12 months and is on an exponentially growing trajectory through 2025, with signatures from recent clients such as Thomson Reuters, Sinclair, Hearst, Amazon Ads and Banijay.
MXT Multimodal AI: MXT Multimodal AI instantly analyzes the video and breaks it down into meaningful scenes, recognizing who is in it, what is happening, where it is happening, and even what shots are being used. You can also identify the best sound bites from an interview, speech or press conference. This allows for faster, more efficient, and more accurate identification than what is humanly possible.
Unlike most other AI indexing technologies, MXT can be customized to meet the needs of users, such as detecting content types of a particular individual, brand logo, key highlights, or scale, or whether to match the AI output tone of your organization's voice tone.
Founder: Moments Lab was co-founded in 2016 by Twin Brothers Fred and Philippe Petitpont. They were driven by a desire to fundamentally simplify the way media teams use audiovisual content. Through MXT, the video industry's most awarded AI since 2023, Moments Lab allows organizations to maintain their legacy and efficiently discover, reuse and monetize content. This results in a much faster and faster new revenue streams, workflows, and content assets that can withstand them.
How to use your funds: This new funding round will advance the US expansion of Moments Lab, further R&D work based on the success of the patented MXT-2 multimodal AI, and introduce specialized agent AI for video discovery and storytelling.
Important Quotes:
“Bringing efficiency to organizations using video was just the beginning. With MXT, you can analyze videos at an unparalleled speed, and now we're focusing on what humans can't do.
“It creates great value when teams can drill down from thousands of hours of video and gather insights on a particular topic in just a few seconds.
Philippe Petitpont, co-founder and CEO of Moments Lab
“Moments Lab is one of those rare companies where products actually feel magical. When we first saw MXT actually work – derive insights from hours of live video in just a few hours – this team is where Philippe and Fred (Moments Lab Cofounder and CTO) build a world-class AI engine and surround their customers. The companies we want to partner with are excited to welcome them into the OXX family.”
Gökçe Ceylan, Principal of Oxx
“High-quality indexing metadata is the foundation of a valuable AI agent user experience. This is what we provide clients to MXT and AI agents, and we are exceeding expectations for the launch of closed beta. Some users are like having additional team members!”
Co-founder and CTO Fred Petitpont, Moments Lab
