Runway Raises $315M at $5.3B Valuation as AI Video Company Pivots to World Models Technology
Summary
AI video company Runway secures $315 million in Series E funding at a $5.3 billion valuation from investors including General Atlantic, Nvidia, and Adobe to develop revolutionary 'world models' technology that can perceive and interact with the physical world.
Key Points
- Runway raises $315 million in Series E funding led by General Atlantic with participation from Nvidia, Fidelity, Adobe and AMD, reaching a $5.3 billion valuation
- The video AI company plans to use the funding to develop world models, which it calls 'the most transformative technology of our time' and can perceive and act on the physical world
- The funding reflects a broader industry shift beyond text-based AI toward visual AI capabilities, with companies like World Labs and AMI Labs also seeking multibillion-dollar valuations for similar technology