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Runway (company)
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Runway (company)
Runway AI, Inc. (also known as Runway and RunwayML) is an American company headquartered in New York City that specializes in generative artificial intelligence research and technologies. The company is primarily focused on creating products and models for generating videos, images, and various multimedia content. It is most notable for developing the commercial text-to-video and video generative AI models Gen-1, Gen-2, Gen-3 Alpha, Gen-4, Act-One and Act-Two, Aleph, and Game Worlds.
Runway's tools and AI models have been utilized in films such as Everything Everywhere All at Once, in music videos for artists including A$AP Rocky, Kanye West, Brockhampton, and The Dandy Warhols, and in editing television shows like The Late Show and Top Gear.
The company was founded in 2018 by the Chileans Cristóbal Valenzuela, Alejandro Matamala and the Greek Anastasis Germanidis after they met at New York University Tisch School of the Arts ITP. The company raised US$2 million in 2018 to build a platform to deploy machine learning models at scale inside multimedia applications.
In December 2020, Runway raised US$8.5 million in a Series A funding round.
In December 2021, the company raised US$35 million in a Series B funding round.
In August 2022, the company co-released an improved version of their Latent Diffusion Model called Stable Diffusion together with the CompVis Group at Ludwig Maximilian University of Munich and a compute donation by Stability AI.
On December 21, 2022, Runway raised US$50 million in a Series C round. Followed by a $141 million Series C extension round in June 2023 at a $1.5 billion valuation from Google, Nvidia, and Salesforce to build foundational multimodal AI models for content generation to be used in films and video production.
In February 2023 Runway released Gen-1 and Gen-2 the first commercial and publicly available foundational video-to-video and text-to-video generation model accessible via a simple web interface.
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Runway (company) AI simulator
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Runway (company)
Runway AI, Inc. (also known as Runway and RunwayML) is an American company headquartered in New York City that specializes in generative artificial intelligence research and technologies. The company is primarily focused on creating products and models for generating videos, images, and various multimedia content. It is most notable for developing the commercial text-to-video and video generative AI models Gen-1, Gen-2, Gen-3 Alpha, Gen-4, Act-One and Act-Two, Aleph, and Game Worlds.
Runway's tools and AI models have been utilized in films such as Everything Everywhere All at Once, in music videos for artists including A$AP Rocky, Kanye West, Brockhampton, and The Dandy Warhols, and in editing television shows like The Late Show and Top Gear.
The company was founded in 2018 by the Chileans Cristóbal Valenzuela, Alejandro Matamala and the Greek Anastasis Germanidis after they met at New York University Tisch School of the Arts ITP. The company raised US$2 million in 2018 to build a platform to deploy machine learning models at scale inside multimedia applications.
In December 2020, Runway raised US$8.5 million in a Series A funding round.
In December 2021, the company raised US$35 million in a Series B funding round.
In August 2022, the company co-released an improved version of their Latent Diffusion Model called Stable Diffusion together with the CompVis Group at Ludwig Maximilian University of Munich and a compute donation by Stability AI.
On December 21, 2022, Runway raised US$50 million in a Series C round. Followed by a $141 million Series C extension round in June 2023 at a $1.5 billion valuation from Google, Nvidia, and Salesforce to build foundational multimodal AI models for content generation to be used in films and video production.
In February 2023 Runway released Gen-1 and Gen-2 the first commercial and publicly available foundational video-to-video and text-to-video generation model accessible via a simple web interface.