Million has collected 300 million in the series de Funding round, a startup of various generator AI models, including runway, video production models.
The General Atlantic led the round, which was the participation of the Feedback Management and Research Agency, Belly Giford, Nvidia, Softbank and others. The new capital will be kept on AI research and recruitment, the runway said in a press release, as well as the runway runway studios film and animation production forces.
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 video tools. It faces strict competition in the video generation place, including OpenAI and Google. However, the company fought to separate itself, signed an agreement with a large Hollywood studio, and using the AI-exposed video to earn millions of dollars for funding.
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.