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AI Film and Animation Startup Runway Raises $308 Million in Funding, Valuing It at $3 Billion
Runway announced $308 million in new funding, which the AI startup said will fund expansion of its film and animation studio.
The Series D round of funding was led by General Atlantic with participation from Fidelity Management & Research Company, Baillie Gifford, Nvidia, SoftBank and other new and existing investors. “These advancements aren’t merely incremental improvements; they form the foundation for an entirely new approach to media — an ecosystem built on AI systems that can simulate our world,” he wrote. Runway, founded in 2018, last year inked its first deal with a Hollywood studio: Lionsgate, company behind film franchises including John Wick and the Hunger Games.
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