Runway

Runway is an applied AI research company headquartered in New York City, founded in 2018 by Cristóbal Valenzuela, Anastasis Germanidis, and Alejandro Matamala-Ortiz. The company focuses on developing generative AI models for video, image, and multimodal content creation, targeting filmmakers, editors, and visual artists.

Runway's primary products include its Gen-1, Gen-2, and Gen-3 Alpha video generation models, which allow users to create and edit video from text prompts, images, or existing footage. The company's tools have been used in professional film and television production, and Runway received an Academy Award for Scientific and Technical Achievement in 2023 in recognition of its contributions to AI-assisted filmmaking. Its platform is also used in advertising and media production workflows.

Runway has raised approximately $237 million in total funding across multiple rounds, with investors including Google, Salesforce Ventures, NVIDIA, and Felicis Ventures. A Series C round of $141 million was announced in June 2023, valuing the company at approximately $1.5 billion. The company employs roughly 200–300 people as of 2024.