HomeUSARunway Raises $141M in Addiditional Series C Funding

Runway Raises $141M in Addiditional Series C Funding

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Runway

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

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