Investing.com – According to Bloomberg, citing a knowledgeable source, AI video startup Runway AI Inc. has secured $315 million in a new funding round, boosting its valuation to $5.3 billion.
The funding was announced on Tuesday and was led by private equity firm General Atlantic, with participation from Nvidia Corp., Fidelity, AllianceBernstein, and Mirae.
This latest investment comes less than a year after Runway raised $308 million in a previous funding round, at which time the company’s valuation was slightly over $3 billion. That round was also led by General Atlantic.
The new funding reflects growing investor confidence in AI video technology, which is creating increasingly realistic content for movies, advertising, and other creative projects.
With this latest round, Runway has now raised a total of $860 million to continue developing its artificial intelligence video capabilities.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.
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Runway AI raises $315 million in funding, valuation jumps to $5.3 billion - Bloomberg
Investing.com – According to Bloomberg, citing a knowledgeable source, AI video startup Runway AI Inc. has secured $315 million in a new funding round, boosting its valuation to $5.3 billion.
The funding was announced on Tuesday and was led by private equity firm General Atlantic, with participation from Nvidia Corp., Fidelity, AllianceBernstein, and Mirae.
This latest investment comes less than a year after Runway raised $308 million in a previous funding round, at which time the company’s valuation was slightly over $3 billion. That round was also led by General Atlantic.
The new funding reflects growing investor confidence in AI video technology, which is creating increasingly realistic content for movies, advertising, and other creative projects.
With this latest round, Runway has now raised a total of $860 million to continue developing its artificial intelligence video capabilities.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.