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# AI video startup Genmo launches Mochi 1, an open source rival to Runway, Kling, and others

**[Venture Beat](https://daily.dev/sources/venturebeat)** · 6 min read · 0 upvotes · 0 comments

## Summary

Genmo has introduced Mochi 1, an open-source video generation model that rivals leading proprietary models. Available under the Apache 2.0 license, Mochi 1 allows users to generate high-quality videos from text prompts. The current 480p model will be followed by an HD version later this year. Genmo also announced a $28.4 million Series A funding round to further develop its vision for advanced video generation. The model is designed for efficiency and aims to democratize access to cutting-edge AI technology.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://venturebeat.com/ai/video-ai-startup-genmo-launches-mochi-1-an-open-source-model-to-rival-runway-kling-and-others/>

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---

Tags: [#ai](https://daily.dev/tags/ai), [#machine-learning](https://daily.dev/tags/machine-learning), [#startup](https://daily.dev/tags/startup), [#open-source](https://daily.dev/tags/open-source), [#video-generation](https://daily.dev/tags/video-generation)

[View this post on daily.dev](https://daily.dev/posts/ai-video-startup-genmo-launches-mochi-1-an-open-source-rival-to-runway-kling-and-others-nyuifi9q2)

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