Runway AI raises $315 million in funding, valuation jumps to $5.3 billion - Bloomberg

robot
Abstract generation in progress

Investing.com – According to Bloomberg, citing a knowledgeable source, AI video startup Runway AI Inc. has secured a new funding round of $315 million, valuing the company at $5.3 billion.

This funding round was announced on Tuesday and was led by private equity firm General Atlantic, with participation from Nvidia Corp., Fidelity, AllianceBernstein, and Mirae.

The 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 of funding, 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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)