AI video maker Runway raises $308 million in General Atlantic-led funding round

Reuters

Thu, Apr 3, 2025, 7:26 AM 1 min read

(Reuters) - AI video startup Runway said connected Thursday it had raised $308 cardinal successful a caller backing round, led by backstage equity steadfast General Atlantic, to grow its caller media ecosystem.

The latest backing circular valued the New York-based institution astatine implicit $3 billion, Bloomberg reported, citing radical acquainted with the matter.

Runway, however, declined to remark successful notation to the valuation.

With the latest fundraise, the startup plans to make AI probe for caller media focusing connected its AI movie and animation workplace utilizing satellite simulators.

A satellite exemplary is an AI strategy that builds an interior practice of an environment, and uses it to simulate aboriginal events wrong that environment.

The circular besides saw information from SoftBank Group, Nvidia, Fidelity Management & Research Company and Baillie Gifford.

Runway, which offers bundle that allows users to make videos by utilizing substance prompts oregon images, signed a woody with Lionsgate past September to make a customized video procreation exemplary to assistance "filmmakers, directors and different originative endowment augment their work".

(Reporting by Kritika Lamba successful Bengaluru; Editing by Vijay Kishore)