Runway, a New York-based applied AI research company building the next generation of creative tools, raised $141M in Additional Series C funding.
The round saw participation from Google, NVIDIA, Salesforce Ventures, and existing investors, among others.
The company intends to use the funds to further scale in-house research efforts, expand its team, and continue to bring multi-modal AI systems to market, while building an intuitive product experiences.
Led by CEO Cristóbal Valenzuela, Runway is an applied AI research company focused on building AI-powered tools used by an Academy-nominated movie, TV shows, media companies, and creatives across industries. The company has released Gen-1, which allows users to generate video from an input video and either image or text prompts, and Gen-2, a text-to-video model.
Runway also hosted AI Film Festivals, created Runway Studios, and launched a mobile app, further expanding access to AI tools for users.
FinSMEs
29/06/2023