Paris-based Moments Lab, an innovator in AI video discovery, today announced it has raised €21 million in funding to accelerate their US expansion and advanced its R&D work – building on the success of its MXT-2 multimodal AI.
The round saw returning participation from existing investors Supernova Invest and Elaia Partners, as well as new investors Oxx, Orange Ventures, and Kadmos.
Moments Lab Co-founder and CEO Philippe Petitpont said,“Bringing efficiency to organisations working with video was just the beginning. With MXT, we can parse video at scale with unmatched speed. Now we are focused on what humans can’t do— like generate rough cuts in minutes with a simple prompt.”
Moments Lab was co-founded by twin brothers Fred and Philippe Petitpont in 2016. They were driven by a desire to radically simplify the way media teams work with audiovisual content. With MXT, Moments Lab looks to enable organisations to preserve their heritage and efficiently find, repurpose and monetise their content.
The platform makes audiovisual content searchable to reduce the time spent sourcing the key moments required to tell a story. MXT Multimodal AI addresses video understanding and indexing challenges, describing sequences in natural language, enabling content professionals to focus on creativity and higher-value decisions.
According to the company, their platform is used worldwide by TV networks, production companies, sports rights holders, and brands to scale content creation workflows and generate new revenue streams. Whether it be for managing and accessing live recordings, clipping highlights, researching story angles, content retrieval, or content showcasing and licensing.
Petitpont continued: “Enabling teams to drill down from thousands of hours of video and glean insights about a specific topic in just seconds creates enormous value. This $24 million investment will accelerate the rollout of our agentic AI technology, which sets a new standard for intelligent video discovery. We’re excited to partner with our new investors Oxx, Orange Ventures and Kadmos, and are grateful for the continued support from Supernova Invest and Elaia Partners.”
Moments Lab has reportedly more than doubled its recurring revenue in the last 12 months, and is on track to grow exponentially through 2025, with latest client signings including Thomson Reuters, Sinclair, Hearst, Amazon Ads, and Banijay.
Gökçe Ceylan, Principal at Oxx commented, “Moments Lab is one of those rare companies where the product actually feels like magic. The first time we saw MXT in action—pulling insights from hours of raw video in seconds—we knew this team was solving a problem that’s only getting bigger. Philippe and Frederic have built a world-class AI engine and surrounded it with the kind of product DNA and customer empathy that gives them a serious edge. This blend makes Moments Lab a perfect example of the kind of company and people we like to partner with, and we’re excited to welcome them into the Oxx family.”
MXT multimodal AI allegedly analyses and breaks videos down instantly into meaningful scenes, recognising who’s in them, what’s happening, where it’s taking place, and even what kind of shots are used. It can also identify the best soundbites from interviews, speeches, or press conferences—faster, more efficiently and with more precision than what is humanly possible.
Unlike most other AI indexing technologies, MXT can be customised to users’ needs. Whether that’s detecting certain people, brand logos, specific highlights and content types at scale, or aligning the AI’s output with an organisation’s tone of voice
Moments Lab Co-founder and CTO Fred Petitpont added,“Quality indexing metadata is the foundation of a valuable AI agent user experience, and that’s exactly what we’re providing to our clients with MXT and our AI agent, which has exceeded expectations in its closed beta launch. Some users tell us it’s like having an additional team member!”