Runway is an applied AI research company shaping the next era of art, entertainment and human creativity.
Runway is building the next generation of creative tools that makes machine learning easy and accessible for all types of creatives.
Runway was founded in 2018 by Chilean-born Cristóbal Valenzuela, Anastasis Germanidis, and Alejandro Matamala Ortiz. The company is headquartered in New York.
Runway is at the forefront of advancements in generative AI and creative AI. The company's flagship products include Gen-1, a major step forward in generated content which allows users to generate video from an input video and either image or text prompts, and Gen-2, the first publicly available text-to-video model.
Runway recently founded Runway Studios, an entertainment division that serves as a production partner for enterprise clients. It also launched the AI Film Festival, an event Runway claims is one of the first dedicated to showcasing films produced in whole or in part by AI.
Runway’s customer base now spans Fortune 500 and Global 2000 companies, including CBS, New Balance, Harbor Picture Company, Publicis, and “millions” of individual creators.
Runway is backed by Google, Coatue, Felicis, NVIDIA, Salesforce Ventures, Amplify Partners, Lux Capital, Madrona, Compound, and others. The company raised a $141M extension to its Series C round on Jun 29, 2023. This brings Runway's total funding to $236.5M to date. The latest round mints Runway a unicorn with a valuation of $1.5B post-money.