Runway is a startup that’s dedicated to making generative AI accessible to everyone. The company’s platform allows users to create and train AI models that can generate new content with incredible speed and accuracy. The startup focuses on video automation and synthetic media, reduces the costs of creating visual media across creative industries. With Runway, designers, artists, and developers can quickly prototype ideas, explore new creative directions, and even build entire products.
Runway has raised a Series D funding round of at least $100 million at a $1.5 billion valuation. The new round triples the company’s valuation from its Series C round from just five months ago, which valued the company at $500 million.
Runway, New York, United States, was founded in 2018 by Cristóbal Valenzuela, Anastasis Germanidis, and Alejandro Matamala-Ortiz, who met at NYU’s Interactive Telecommunications Program, a grad program at the intersection of technology and the arts. Over the last four years, the startup has raised funding from top-tier investors including Felicis, Coatue, Amplify, Lux, and Compound. In total, Runway has raised about $195 million till that moment. The company’s team consists of creative, open-minded, and caring individuals who care deeply about created products.