Runway, a start that develops a series of AI genetic models for media production, including video -making models, has raised $ 308 million in a funding round of D.
The Atlantic led the round, which was involved in Fidelity Management & Research, Baillie Gifford, Nvidia, Softbank and more. Fresh capital will be put on research and hiring AI, Runway said in a press releaseas well as expanding the film Runway Studios Studios and ARM Production ARM.
To date, Runway has raised $ 536.5 million, According to Crunchbase.
“Today it marks an important milestone, as the corridor announces a significant next step towards our goal of creating a new media ecosystem with global simulators,” the company writes in the press release. “[Our recent] Developments are not just increasing improvements. They create the foundation for a completely new media approach – an ecosystem built on AI systems that can simulate our world. “
The corridor offers a series of AI Media tools, including videos that create videos and image. It faces fierce competition in the video production industry, including Openai and Google. However, the company has struggled to diversify, by reducing the deal with an important Hollywood studio and the origin of millions of dollars to fund films using videos produced by the AI.
This week, Runway released Gen-4, a video creation model that claims that the company can create consistent characters, locations and objects in tents, maintain “coherent global environments” and regenerate elements from different angles and seats in tents. With products like Gen-4 and API recently launched for video models, Runway hopes to hit $ 300 million in annual revenue this year.
A potential barricade is a treatment They brought artists to the corridor and other genetic companies who accuses the accused of drawing up their models in copyright -protected artwork. The corridor argues that the Doctrine is known as fair use Pull it out of legal effects. It is not yet clear whether the company will prevail.
Updated 6:21 am Pacific: The initial edition of this story wrongly showed that the corridor had raised $ 300 million in D., in fact, it has raised $ 308 million. Sorry for the error.
