Moments Lab raised $24 million to boost AI video discovery. The round was led by Oxx, with Orange Ventures, Kadmos, Supernova Invest, and Elaia Partners also pitching in.
The startup targets media, sports, and big brands struggling to manage huge video libraries. Its AI, MXT, rapidly indexes, archives, and mines video for monetization and repurposing.
Revenue more than doubled in 12 months. Clients signing on include Thomson Reuters, Sinclair, Hearst, Amazon Ads, and Banijay.
MXT is a multimodal AI. It breaks down videos into scenes, detects people, locations, shot types, and picks out key sound bites faster and more precisely than humans. It’s customizable for client needs—from spotting logos to matching tone of voice.
Co-founded by twins Fred and Philippe Petitpont in 2016, Moments Lab wants to simplify media workflows and unlock new revenue from existing content. MXT has been the video industry’s top indexing AI since 2023.
The funding will push U.S. expansion and R&D. Moments Lab plans to build on MXT-2 with an agentic AI for video discovery and storytelling.
Moments Lab CEO Philippe Petitpont said:
“Bringing efficiency to organizations 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.”
“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.”
Oxx Principal Gökçe Ceylan weighed in:
“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 Fred (Moments Lab co-founder and CTO) 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.”
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!”