Runway AI Secures an Impressive $141 Million From Heavyweights Like Google and NVIDIA

In Brief

In total, Runway AI has garnered $141 million from a powerful group of investors that includes Google, Nvidia, and Salesforce.

This year marked a turning point for Runway as they rolled out their Generative 1 and 2 video models, allowing creators to produce a wide array of content types—ranging from visuals and clips to written text and sound.

Jensen Huang, who is both the founder and CEO of NVIDIA, commended Runway for their innovative approach to pushing the frontiers of creativity and narrative through the lens of generative AI, transforming the landscape of content creation.

Runway AI has secured $141 million funding round from influential entities like Google, NVIDIA, and Salesforce was announced by the company on Thursday as part of a Series C expansion, building upon a previous $50 million round led by Felicis Ventures in December.

Runway, which specializes in AI-driven video creation and editing tools, has accumulated a total of approximately $237 million in funding to date. According to Bloomberg , the company has a $1.5 billion valuation.

Founded in 2018, this startup enables users to produce AI-generated videos in just a few minutes. Utilizing Runway's offerings, users can explore a range of pre-trained models tailored for tasks such as image creation, style transfer, text generation, facial manipulation, and much more. The company is dedicated to democratizing AI technology, making it accessible to artists, designers, researchers, and educators alike. Notably, Runway's tools are leveraged by television productions, media agencies, and various creative professionals, aiding them in story development and workflow optimization. AI tools In 2023, Runway made waves by launching its first video-to-video generative AI models, Gen-1 and Gen-2. With this new round of investment, the company is set to boost its internal research initiatives aimed at creating multi-modal AI systems while optimizing user experiences. Their growth strategy involves enhancing their workforce by bringing in new talent across research, engineering, and product development.

The Gen-2 toolkit is capable of producing a variety of high-quality outputs including images, videos, text, and audio. In contrast, the earlier Gen-1 generation is efficient in performing fundamental tasks such as classification, segmentation, and style transfer. Both sets of tools can work independently or in tandem for dynamic project creation using Runway AI.

“Generative AI is revolutionizing the content creation field, injecting fresh life into narratives and concepts that once seemed impossible. The efforts of the Runway team, alongside NVIDIA's cloud-powered computational resources, truly expand the horizons of creativity and storytelling for countless global artists,”

noted Jensen Huang, founder and CEO of NVIDIA.
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In line with the Trust Project guidelines Agne is a journalist dedicated to covering the most recent trends and innovations in the realms of the metaverse, AI, and Web3 for the Metaverse Post. With a strong enthusiasm for storytelling, she has conducted numerous interviews with industry experts, constantly on the lookout for intriguing and captivating narratives. Agne possesses a Bachelor's degree in literature and has a rich background in writing across a variety of subjects including travel, art, and culture. Additionally, she has volunteered her editing skills for an animal rights organization, where she worked to elevate awareness surrounding animal welfare issues. Feel free to reach out to her at