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Runway Raises $308M In Series D Funding Said To Value The AI Firm At $3B
AI video specialist Runway has raised $308 million in Series D funding. Sources said the financing round values the company at $3 billion.
As the media and entertainment business has sized up the potential of AI, a sensitive area for unions and the creative community, Runway has attained a notable profile. The AI film and animation studio is “dedicated to producing original content using the state-of-the-art foundation models pioneered by our research team,” the company said. The Series D round was led by General Atlantic, with Fidelity Management & Research Company, Baillie Gifford, NVIDIA, SoftBank Vision Fund 2 participating, along with other new and existing investors.
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