Series A Funding and Future Plans
In tandem with the Mochi 1 preview, Genmo announced it has raised a $28.4 million Series A funding round, led by NEA, with additional participation from several other investors. The company plans to use this funding to further develop its technology and expand its team, with plans to release Mochi 1 HD later this year, which will support 720p resolution and offer even greater motion fidelity.