Runway’s new artificial intelligence model focusing on continuity in videos Gen-4We have shared with you recently. The company is now on the agenda with the investment it received. Runway, one of the leading names in the artificial intelligence sector, General Atlantic Serial D round under the leadership 308 million dollars received investment.
Fidelity, Baillie Gifford, SoftBank ve Nvidia With this round, which is also included in the major investors such as, the total investment amount of the company reached 536.5 million dollars. According to Bloomberg, Runway’s valuation exceeded $ 3 billion.
The company will use the new investment for the growth of Runway Studios, which it has established for artificial intelligence research, ability purchases, and especially for animation production with film. At the same time, it plans both outsourcers with external resources to create high quality data sets and is preparing to feed this process from the inside by involving creative positions such as screenwriter, VFX artist and animator.
Runway is moving in the same lane with strong competitors, such as OpenAI’s Sora model. The company aims to annual income of $ 300 million this year with its Gen-4 and the video production API that it has opened in recent weeks. However, in addition to the competition in the sector, the lawsuits filed with the allegations of copyright violations are one of the important obstacles to Runway. Although the company argues that it is based on the principle of Fair Use when educating its models, it remains uncertain how the legal process will result.
Runway, which aims to shape the future of artificial intelligence -supported media production, has strengthened its hand in competition with this investment tour.
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