Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":36061,"date":"2023-06-29T21:46:34","date_gmt":"2023-06-29T21:46:34","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/"},"modified":"2023-06-29T21:46:36","modified_gmt":"2023-06-29T21:46:36","slug":"runway-a-startup-building-generative-ai-for-content-creators-raises-141m","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/","title":{"rendered":"Runway, a startup building generative AI for content creators, raises $141M"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/<\/a><\/br>
\nRunway, a startup building generative AI for content creators, raises $141M<\/br>
\n2023-06-29 21:46:34<\/br><\/p>\n

\n
\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n
\n

It\u2019s a big day for generative AI funding.<\/p>\n

On the heels of Inflection AI<\/a> landing a $1.3 billion investment, Runway<\/a>, 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.<\/p>\n

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\u2019s headcount.<\/p>\n

\u201cWe\u2019re focused on how we can continue pushing the boundaries of creativity,\u201d Runway CEO Cris Valenzuela told TechCrunch via email. \u201cThe additional funding allows us to double down on this, innovating on new tools for artists and creators.\u201d<\/p>\n

Runway was founded in 2018 by Valenzuela, Alejandro Matamala and Anastasis Germanidis. Valenzuela met Matamala and Germanidis while in art school at NYU, where the trio came to realize that they shared a curiosity in AI\u2019s creative potential. From there, Valenzuela, Matamala and Germanidis started building a suite of AI-powered tools geared toward moviemakers, cinematographers and photographers.<\/p>\n

Runway\u2019s focus has gradually shifted over the years to generative AI, particularly on the video side. Its current flagship product is Gen-2, an AI model that generates videos from text prompts or an existing image.<\/p>\n

\"Runway<\/p>\n

A video created by Runway\u2019s Gen-2 model. Image Credits:<\/strong> Runway<\/p>\n<\/div>\n

We tested<\/a> Gen-2 and found it to be impressive \u2014 if somewhat wanting. But to Runway\u2019s credit, Gen-2 \u2014 the follow-up to Runway\u2019s Gen-1 model launched in February \u2014 is one of the first commercially available text-to-video models.<\/p>\n

Runway has ambitions beyond building a toolset, to be clear. The startup 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.<\/p>\n

Valenzuela says that Runway\u2019s customer base now spans Fortune 500 and Global 2000 companies, including New Balance and \u201cmillions\u201d of individual creators.<\/span><\/p>\n

The growing enterprise client base isn\u2019t surprising, considering the massive hype around all forms of generative AI. In a recent FreshBooks survey<\/a>, 25% of businesses said that they\u2019re testing generative AI tools, while around 33% plan to try generative AI for work within the next year.<\/p>\n

\u201cContent creation today is very expensive and time consuming,\u201d he added. \u201cWe want to help bring those cost and time factors as close to zero as possible, especially as companies\u2019 content needs are only increasing . . . [Our goal is to] reimagine content creation and [build] a new type of creative suite, the generative suite.\u201d<\/p>\n

The Series C extension \u2014 which values Runway at $1.5 billion, a source familiar with the matter tells TechCrunch \u2014 brings the company\u2019s total raised to $237 million. It makes Runway one of the better-funded generative AI startups out there, in league with Cohere<\/a>, Character.ai ($150 million) and\u00a0Stability AI<\/a> (~$100 million).<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/ Runway, a startup building generative AI for content creators, raises $141M 2023-06-29 21:46:34 It\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":36062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-36061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nRunway, a startup building generative AI for content creators, raises $141M - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Runway, a startup building generative AI for content creators, raises $141M - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/ Runway, a startup building generative AI for content creators, raises $141M 2023-06-29 21:46:34 It\u2019s 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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-29T21:46:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-29T21:46:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/06\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m_649dfbba7d758.png\" \/>\n\t<meta property=\"og:image:width\" content=\"729\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/\",\"url\":\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/\",\"name\":\"Runway, a startup building generative AI for content creators, raises $141M - Science and Nerds\",\"isPartOf\":{\"@id\":\"https:\/\/scienceandnerds.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/06\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m_649dfbba7d758.png?fit=729%2C375&ssl=1\",\"datePublished\":\"2023-06-29T21:46:34+00:00\",\"dateModified\":\"2023-06-29T21:46:36+00:00\",\"author\":{\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\"},\"breadcrumb\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/06\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m_649dfbba7d758.png?fit=729%2C375&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/06\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m_649dfbba7d758.png?fit=729%2C375&ssl=1\",\"width\":729,\"height\":375},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/scienceandnerds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Runway, a startup building generative AI for content creators, raises $141M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/scienceandnerds.com\/#website\",\"url\":\"https:\/\/scienceandnerds.com\/\",\"name\":\"Science and Nerds\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/scienceandnerds.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/scienceandnerds.com\"],\"url\":\"https:\/\/scienceandnerds.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Runway, a startup building generative AI for content creators, raises $141M - Science and Nerds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/","og_locale":"en_US","og_type":"article","og_title":"Runway, a startup building generative AI for content creators, raises $141M - Science and Nerds","og_description":"Source:https:\/\/techcrunch.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/ Runway, a startup building generative AI for content creators, raises $141M 2023-06-29 21:46:34 It\u2019s 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 […]","og_url":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/","og_site_name":"Science and Nerds","article_published_time":"2023-06-29T21:46:34+00:00","article_modified_time":"2023-06-29T21:46:36+00:00","og_image":[{"width":729,"height":375,"url":"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/06\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m_649dfbba7d758.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/","url":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/","name":"Runway, a startup building generative AI for content creators, raises $141M - Science and Nerds","isPartOf":{"@id":"https:\/\/scienceandnerds.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#primaryimage"},"image":{"@id":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/06\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m_649dfbba7d758.png?fit=729%2C375&ssl=1","datePublished":"2023-06-29T21:46:34+00:00","dateModified":"2023-06-29T21:46:36+00:00","author":{"@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e"},"breadcrumb":{"@id":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#primaryimage","url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/06\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m_649dfbba7d758.png?fit=729%2C375&ssl=1","contentUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/06\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m_649dfbba7d758.png?fit=729%2C375&ssl=1","width":729,"height":375},{"@type":"BreadcrumbList","@id":"https:\/\/scienceandnerds.com\/2023\/06\/29\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/scienceandnerds.com\/"},{"@type":"ListItem","position":2,"name":"Runway, a startup building generative AI for content creators, raises $141M"}]},{"@type":"WebSite","@id":"https:\/\/scienceandnerds.com\/#website","url":"https:\/\/scienceandnerds.com\/","name":"Science and Nerds","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/scienceandnerds.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/scienceandnerds.com"],"url":"https:\/\/scienceandnerds.com\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/06\/runway-a-startup-building-generative-ai-for-content-creators-raises-141m_649dfbba7d758.png?fit=729%2C375&ssl=1","_links":{"self":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/36061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/comments?post=36061"}],"version-history":[{"count":1,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/36061\/revisions"}],"predecessor-version":[{"id":36063,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/36061\/revisions\/36063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media\/36062"}],"wp:attachment":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media?parent=36061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/categories?post=36061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/tags?post=36061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}