New York Runway He collected $ 308 million in the recent round by about twice a valuation of lower than two years ago.
New round – led by General Atlantic – values AI video launching for over $ 3 billion, for Reports. In June 2023, the Company collected an extension of USD 141 million until December 2022. USD 50 million in series C series GoogleIN NvidiaIN Salesforce Ventures 1 and others with a valuation of $ 1.5 billion.
Other investors in the recent round are nvidia, SoftBank groupIN Fidelity Management & Research Co. AND Baillie gifford.
Runway creates software that enables users to create movies using text prompts or images. Earlier this week, Runway presented his recent AI, Gen-4 model, which allows users to create movies with coherent characters and backgrounds.
Last autumn, the company signed a contract with a production company Lionensgate To create a adapted video generation model.
Startup plans to make use of fresh money to develop artificial intelligence focusing on a film studio and animation. Established in 2018, it collected over USD 540 million, on Crunchbase.
To dollars
Big money is still pouring into artificial intelligence.
The global Crunchbase financing report was the leading Venture financing sector in the first quarter, with investing $ 59.6 billion. The first quarter was the strongest for AI financing, and the amazing 53% of worldwide funds goes to the AI sector itself.
Of course, which helped significantly Openaiwhich collected the largest private round in history, financing price $ 40 billion, which values $ 300 billion.