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Runway , a startup evolve a range of procreative AI model for medium production , include video - generating models , has raised $ 308 million in a Series D financial backing round .
General Atlantic led the round , which had participation from Fidelity Management & Research Company , Baillie Gifford , Nvidia , SoftBank , and others . The reinvigorated Das Kapital will be put toward AI inquiry and hiring , Runway say in apress release , as well to flourish its Runway studio moving picture and animation output weapon system .
To escort , Runway has elevate $ 536.5 million , according to Crunchbase .
“ Today mark off an significant milepost as Runway announce a significant next step towards our goal of creating a new media ecosystem with world simulator , ” the fellowship wrote in the insistency liberation . “ [ Our recent ] forward motion are n’t merely incremental improvement ; they form the foundation for an alone Modern approach to media — an ecosystem build on AI systems that can assume our worldly concern . ”
Runway proffer a suite of AI media tools , admit video- and image - generating models . It faces stiff competition in the picture contemporaries space , including from OpenAI and Google . But the company has fought to severalise itself , inking a wad with a major Hollywood studioandearmarking billion of dollarsto stock flick using AI - produce footage .
This week , Runway releasedGen-4 , a video - generating model that the company claim can create consistent fictional character , emplacement , and object across scenes , maintain “ lucid world surroundings , ” and regenerate elements from different view and positions within scene . With ware like Gen-4 and itsrecently launch API for video example , Runway hopes to hit$300 million in annualized revenuethis class .
One possible roadblock is alawsuitbrought by artists against Runway and other generative AI companies that accuses the defendant of training their models on copyright artwork without license . Runway argues that thedoctrine have intercourse as fair useshields it from effectual repercussion . It is n’t yet vindicated whether the company will prevail .
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update 6:21 a.m. Pacific : The original version of this story erroneously indicated that Runway had farm $ 300 million in its Series D. It has , in fact , recruit $ 308 million . We regret the misplay .
