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Runway, an AI video startup, is in discussions to raise $450 million at a valuation of approximately $4 billion. The funding round is expected to be led by General Atlantic, a NYC-based investment firm. Runway, already the best-funded AI video startup, aims to extend its lead in the industry with this fresh infusion of capital. The company focuses on generative AI video technology tailored for Hollywood and other filmmakers.
30 minutes old THE INFORMATION: Exclusive: Runway, an AI Video Startup, in Talks With General Atlantic for $4 Billion–Valuation Fundraise https://t.co/940WmzczJv
Source: Runway, a startup focusing on generative AI video for Hollywood and other filmmakers, is in talks to raise $450M at about a $4B valuation (@steph_palazzolo / The Information) https://t.co/ELEwPyA12r https://t.co/JrQqVBowyD
Runway, already the best-funded AI video startup, wants to extend its lead with a fresh $450 million in funding. NYC-based General Atlantic is in talks to lead the round at a ~$4Bn price. More details here (incl rev!): https://t.co/w61cpLLlBo
