HomeUSARunway to Raise $10M Fund

Runway to Raise $10M Fund

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Runway, a NYC-based company building artificial intelligence systems for creativity, filed a form with the S.E.C. to raise a $10m fund.

According to the form, the vehicle, called Runway Fund 1, LP, has not raised any amount, yet.

The document lists Runway CEO Cristobal Valenzuela, Co-founder Alejandro Matamala Ortiz, and CTO Anastasis Germanidis, as people related to the raise.

Runway is an applied AI research company which aims to shape the next era of art, entertainment and human creativity. In 2023, the company brought to market Gen-1 and Gen-2, two innovative video generation models. Today, their entire suite of AI Magic Tools are being used by Fortune 500 and Global 2000 companies, helping tell new types of stories, and streamline workflows.

Last year, in June, they announced a $141M extension to the Series C with participation from Google, NVIDIA, Salesforce Ventures, and existing investors, among others.

VCWire

10/02/2024