Runway

Runway operates as an applied AI research company that develops generative artificial intelligence tools for content creation, particularly video and image generation. The company was founded in 2018 by Cristóbal Valenzuela, Alejandro Matamala, and Anastasis Germanidis, and is headquartered in New York.

Runway's primary product is its Gen-2 text-to-video model, which allows users to generate video content from text prompts. The platform serves creative professionals including filmmakers, artists, and content creators, with notable usage in film production and advertising. The company also offers image generation, video editing, and other AI-powered creative tools through its web-based platform.

The company has raised $237 million across multiple funding rounds, including a $100 million Series C round in 2023 led by Google and Nvidia. Runway employs approximately 100 people and has established partnerships with major technology companies. The company's AI models compete in the generative video space alongside OpenAI's Sora and other emerging platforms.