Search results for Moonvalley
AI & Enterprise
VR, AR and XR showcased together as MSIT holds Korea Metaverse Festival 2026
South Korea’s Ministry of Science and ICT is holding the 2026 Korea Metaverse Festival from June 10 to 12 at COEX in Seoul, showcasing trends in VR, AR, XR, digital twin and AI-based content. The event features 140 companies and 270 booths across governance, business, innovation and experience zones. It includes smartglasses trials, a global conference, a job fair and a graduate programme performance-sharing session.
AI & Enterprise
Reka AI seeks to expand world model and robotics business with Moonvalley acquisition
Reka AI, an AI video app developer, has acquired video generation AI model startup Moonvalley through an all-share exchange. The Information, citing two people familiar with the matter, reported that Toronto-based Moonvalley was founded in 2023 and offers video generation models trained on licensed data to avoid copyright infringement. Reka AI plans to use the acquisition to expand into world models and robotics, it said.
AI & Enterprise
Mito develops AI tools for video professionals, raises $4.5 million
AI-based video production platform Mito Films has raised $4.5 million in funding led by Lightspeed Venture Partners, SiliconANGLE reported on Thursday. Mito provides AI tools that let video makers, brands and creators collaborate in real time. Co-founder and chief product officer Danny Saltaren said the platform automates cumbersome production steps so creators can focus on creativity. Mito says its tools support multiple production settings, including TV, film, advertising, music videos and news.