Runway, best known for its video-generating AI models, raises $308M
Runway, a startup that develops a series of generative AI models for media production, including models-generating models, has collected $ 308 million in a D-Finance Round series.
General Atlantic led De Ronde, who had participation of Fidelity Management & Research Company, Baillie Gifford, Nvidia, Softbank and others. The fresh capital will be placed in the direction of AI research and recruitment, Catwalk said in a press releaseAs well as in the direction of expanding Runway’s Runway Studios Film and Animation Production Arm.
To date, Runway has collected $ 536.5 million, According to crunchbase.
“Today marks an important milestone, because Runway announces an important next step in the direction of our goal to create a new media ecosystem with world sizes,” the company wrote in the press release. ‘[Our recent] Improvements are not only incremental improvements; They form the basis for a completely new approach to media – an ecosystem built on AI systems that can simulate our world. “
Runway offers a series of AI-mediaols, including models for video and image generating models. It is confronted with fierce competition in the room for generating videos, including from OpenAi and Google. But the company has fought to distinguish itself, to close a deal with a large Hollywood studio and to combat millions of dollars to finance films using AI-produced images.
This week, Runway Gen-4 released, a model-generating model that claims the company to create consistent characters, locations and objects between scenes, to retain “coherent world environments”, and to regenerate elements from different perspectives and positions within scenes. With products such as Gen-4 and the recently launched API for video models, Runway hopes to hit $ 300 million in annual income This year.
A possible roadblock is one court case Brought by artists against Catwalk and other generative AI companies that accuse the defendants of training their models on copyright -protected artworks without permission. Runway argues that the Doctrine known as fair use Protects it against legal consequences. It is not yet clear whether the company will prevail.
Updated 6:21 AM Pacific: The original version of this story wrongly indicated that Catwalk had picked up $ 300 million in his series D. It actually collected $ 308 million. We regret the mistake.
