It’s a big day for generative AI funding.
On the heels of Inflection AI landing a $1.3 billion investment, Runway, a startup building generative AI tools for multimedia content creators, today announced a $141 million extension to its Series C round from Google, Nvidia and Salesforce, among others.
Building on the Series C the company announced in December, Runway says that the new capital will be used to scale its in-house research efforts and expand Runway’s headcount.
“We’re focused on how we can continue pushing the boundaries of creativity,” Runway CEO Cris Valenzuela told TechCrunch via email. “The additional funding allows us to double down on this, innovating on new tools for artists and creators.”
Runway was founded in 2018 by Valenzuela, Alejandro Matamala and Anastasis Germanidis. Valenzuela met M...
