AI video startup Runway completes $308 million in funding

04/08 01:44

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AI video generation company Runway raised $308 million in a new round of financing, with a valuation soaring to over $3 billion. This round of financing was led by General Atlantic, with participation from Nvidia and SoftBank Vision Fund 2. Runway will use the funds to strengthen AI model research and development and expand the creative team. Its software has been used in Amazon series, Madonna tours, and Puma ads, among other projects. The recently launched Gen-4 model supports consistency in characters and scenes, achieving significant technological breakthroughs.

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