The track, better known for its AI models generating videos, increases $ 308 million
Runway, a startup developing a range of generative AI models for media production, including models generating videos, lifted 308 million dollars in a financing round of series D.
General Atlantic directed La Ronde, which participated in Fidelity Management & Research Company, Baillie Gifford, Nvidia, Softbank, and others. The new capital will be devoted to the research and hiring of the AI, said Runway in a press releaseas well as to extend the production arm of films and animation production of Runway’s Runway.
To date, Runway has raised $ 536.5 million, According to Crunchbase.
“Today marks an important step because Runway announces an important step towards our goal of creating a new media ecosystem with global simulators,” the company wrote in the press release. “”[Our recent] Progress is not simply progressive improvements; They form the basics of an entirely new approach to the media – an ecosystem based on AI systems that can simulate our world. »»
Runway offers a series of multimedia tools on AI, including models generating videos and images. It faces strong competition in the video generation space, including Openai and Google. But the company fought to differentiate itself, Conclude an agreement with a large Hollywood studio And COUET Millions of dollars To finance films using images produced by AI.
This week, Runway released Gen-4A video generator model that claims that the company can create characters, locations and coherent objects through the scenes, maintain “coherent global environments” and regenerate elements of different perspectives and positions in scenes. With products like Gen-4 and its API recently launched for video modelsRunway hopes to strike $ 300 million in annualized income This year.
A possible obstacle is a trial Brought by artists against the track and other AI -generating companies who accuse the defendants of training their models on works of art protected by copyright without authorization. The track maintains that the Doctrine known as fair use Protects the legal repercussions. It is not yet clear if the company will prevail.
Updated 6:21 a.m. Pacific: The original version of this story wrongly indicated that Runway had raised $ 300 million in his series D. He actually raised $ 308 million. We regret the error.
