Video generation tool Runway AI has secured $308 million in its latest funding round, raising the tech company’s valuation to $3 billion.
Leading the round, there was notable investment from chip giant Nvidia, General Atlantic, Fidelity Management & Research, and SoftBank.
The New York-based company, specialising in GenerativeAI film and animation, was last valued at $1.5 billion – raising a total of roughly $545 million to-date.
In previous funding rounds, Runway has been backed by other major tech firms like Salesforce and Google.
Founded in 2018, Runway recently announced its Gen-4 model that, according to Runway’s website, can “precisely generate consistent characters, locations and objects across scenes.”
Today we’re introducing Gen-4, our new series of state-of-the-art AI models for media generation and world consistency. Gen-4 is a significant step forward for fidelity, dynamic motion and controllability in generative media.
Gen-4 Image-to-Video is rolling out today to all paid… pic.twitter.com/VKnY5pWC8X
— Runway (@runwayml) March 31, 2025
Runway says the update enables users to generate consistent characters, locations and objects across scenes and generate from differing perspectives within scenes.
Last year, the company struck a deal with film studio Lionsgate, to build custom AI models for the company’s content and cut time on pre and post production.
In a post on X, Cristóbal Valenzuela, Runway co-founder and CEO, explained the possibility of AI considering the recent Gen-4 update. He said: “We believe AI can become a reliable world simulator, and when you can simulate anything and everything, media and the stories we create and consume will be forever changed.
“The short films we release with Gen-4 offer just a glimpse of what’s possible. The ability to materialize such stories in mere days by a single person is unprecedented. It’s the dawn of massive storytelling for everyone. We’re giving every creative mind a real-time simulation system to bring their stories to life.”
