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August 31, 2025 – Everlyn, the pioneering force behind the Lyn ecosystem and its flagship open-source foundational video model, today announced it has successfully raised $15 million in funding, valuing the company at $250 million. This significant investment is set to accelerate Everlyn's mission to build the future of cinematic, on-chain video, and to deliver an "open dream machine" to the world through its innovative AI-powered video creation and management platforms.
The latest funding round proudly welcomes Mysten Labs, the creators of the Sui blockchain, as a key investor. Mysten Labs joins a formidable lineup of existing powerhouse investors and strategic partners, including Baseline (Emirates), Selini Capital, Nesa Org, Aethir Cloud, ionet, and MH Ventures. The round also benefits from the expertise of individuals with leadership backgrounds from industry giants such as Kling AI, Google, Amazon, Meta, and TencentGlobal, underscoring the broad industry confidence in Everlyn’s vision.
"We are thrilled to have raised $15 million to date, a testament to the strong conviction in our vision to build the future of cinematic, on-chain video," stated a spokesperson for Everlyn. "The addition of Mysten Labs as an investor, alongside our existing esteemed partners, is more than just funding; it's a profound validation of our technological approach and our belief that the dream machine belongs to everyone. This capital empowers us to push the boundaries of what's possible in video AI and decentralized digital experiences."
Everlyn, as the flagship open-source foundational video model within the broader Lyn ecosystem, is reshaping the capabilities of video artificial intelligence. Its innovations span output duration, interact-ability, generation latency, and hyper-realistic visual quality. Complementing Everlyn-1 is Everworld, Lyn's video creation engine and platform, which is revolutionizing how human beings engage with photorealistic virtual representations of themselves. Everworld facilitates personalized and interactive video agents capable of performing a myriad of tasks, profoundly altering what humans can achieve online by taking over activities individuals prefer not to do or are unable to do.
The Lyn ecosystem is designed as a video-based super-agential multimodal platform, running on a decentralized protocol powered by a vast network of Agent APIs (AAPIs). This decentralized video AI layer is poised to enable "Lyn's" – photorealistic video agents with multimodal agential capabilities – which are expected to replace a majority of human activity online in the coming years.
Everlyn was founded by a distinguished team of leading experts in generative AI, including professors from Cornell University, Oxford University, Stanford University, University of Central Florida (UCF), Hong Kong University of Science and Technology (HKUST), Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), and Peking University (PKU). The team also comprises former leaders from Meta, Deepmind, Microsoft, Google, and Tencent, alongside current PhD students specializing in generative AI. This collective expertise has contributed significantly to some of the industry’s most groundbreaking innovations, including Google's foundational video model (Video Poet), Facebook’s foundational video model (Make-a-Video), Tencent's foundational video model (Meta Movie Gen), the most cited benchmark model (Seeing and Hearing), the industry's top open-source video model ('Open-Sora-Plan'), and OpenAI’s first real-time end-to-end humanoid agent video model (Body of Her).
The newly secured capital will be strategically deployed to:
- Accelerate Research & Development: Further advance Everlyn-1's capabilities and the underlying AI modeling research, including autoregressive modeling, tokenization, MLLM hallucination reduction, and data pipelining.
- Expand the Everworld Platform: Enhance the video creation engine, focusing on hyper-contextual data modules, personalized data feed partitioning (DataLink), hybrid in-cloud on-device model deployment, and Agent API protocol routing (CommandFlow).
- Grow the Team: Recruit top-tier AI researchers, engineers, and blockchain specialists to scale operations and innovation.
- Drive Ecosystem Adoption: Foster mass adoption of the decentralized agential platform and its unique economy.
Everlyn is committed to building a unified intelligence layer that makes advanced video AI accessible and transformative for creators and users worldwide, ultimately ushering in a new era of digital interaction and creativity.
About Everlyn (Lyn):
Everlyn, the flagship open-source foundational video model of the Lyn ecosystem, is building the future of cinematic, on-chain video and human-centric agential video. With its Everlyn-1 model and Everworld platform, Lyn is creating a decentralized, multimodal ecosystem that empowers users with hyper-realistic, interactive video agents. Driven by a team of world-renowned AI experts, Everlyn is dedicated to delivering an "open dream machine" that transforms digital interaction and productivity.Compiled by CMO Intern team
