Runway, a startup best known for its suite of generative AI media tools, has raised $308 million in a new funding round. “Today marks an important milestone as Runway announces a significant next step towards our goal of creating a new media ecosystem with world simulators,” the company wrote in the press release. “[Our recent] advancements aren’t merely incremental improvements; they form the foundation for an entirely new approach to media.
Source: Runway, best known for its video-generating AI models, raises $308M | TechCrunch