Runway, video production models have collected $ 308 million in a startup, series de funding round, developed by various generators for media production.
The General Atlantic led the round, which was the participation of the Feedback Management and Research Agency, Belly Giford, Nvidia, Softbank and others. The fresh capital will be kept towards the AI research and recruitment, the runway said in one Press releaseAs well as the runway studios film and animation production arm to expand the runsway.
To today, the runway has collected $ 536.5 million dollars, According to the crunchThe
“Today has been identified as an important milestone because the runway has announced an important step to create a new media ecosystem with the World Simulators,” the company wrote in a press release. “[Our recent] Progress is not just enhanced improvement; They form the basis of a whole new approach in the media – a ecosystem built on the AI system that can imitate our world. “
Runway Video- and the image-producing models provide a suit of AI media tools, including. It faces strict competition in the video generation place, including OpenAI and Google. However, the company has dealt with AI-exposed footage to deal with the film a few million dollars for funding and fought to distinguish itself by dealing with several million dollars.
This week, the runway gener -4 has published, a video -show -maker model that the company claims that can create consistent characters, locations and objects throughout the scene, maintain the “consistent world environment” and re -generate material from different perspectives and positions in the scene. Recently launched for Jenner -4 and its video models, with products like API, hopes to hit the runway $ 300 million in annual revenue This year.
A potential road block is a Case Runway and other generators have been brought against artists against AI companies that accuse of training their models in copyrighted art without permission of the accused. The runway argues that Fair use It protects from legal response. It is not yet clear whether the company will prevail.
Updated 6:21 AM Pacific Ocean: The original version of this story has mistakenly indicated that the runway has collected $ 300 million in its series D, in reality it has collected $ 308 million. We regret the error.