New Enterprise Associates led a $28m Series A round in Mochi 1.

New Enterprise Associates, an American-based venture capital firm, led a $28m Series A round in Mochi 1, an AI video generator with participation from The House Fund, Gold House Ventures, Wndrco, Eastlink Capital Partners, Essence Ventures, as well as angel investors, Abhay Parasnis and Amjad Masad.