AI video startup Runway raises $308 million, led by General Atlantic

ChainCatcher news, according to Bloomberg, AI video generation company Runway has raised $308 million in a new funding round, with its valuation soaring to over $3 billion. This round was led by General Atlantic, with participation from Nvidia and the SoftBank Vision Fund 2.

It is reported that Runway will use the funds to strengthen AI model development and expand its creative team. Its software has been applied in projects such as Amazon series, Madonna's tour, and Puma advertisements. The recently launched Gen-4 model supports consistency in characters and scenes, achieving significant technological breakthroughs.