Runway is a privately owned applied AI research company founded in 2018 and headquartered in the United States. The company has 130 employees and offers professional video editing software powered by machine learning. Runway's mission is to build for the next era of art, entertainment, and human creativity.

Revenue

Founded

2018

Headcount

129

Headquarters

US

Primary Segment

Software Development

Ownership

Privately Owned

News Summary:

Runway AI Inc. was involved in a copyright lawsuit regarding the use of visual artists' work to train their large language model. The lawsuit alleged that Runway AI produced near-identical copies of artists' work in response to prompts. Runway AI, along with Stability AI, Midjourney, and DeviantArt, filed a motion to dismiss most of the claims against them. In other news, Sasha Kasiuha, a multidisciplinary artist, served as the Content Director for Madonna's World Celebration Tour, which will run through April 2024 and span over 80 shows in 13 countries. Daniel Lefcourt, an artist and professor at Rhode Island School of Design, specializes in integrating art and technology. 451 Research, a technology research group within S&P Global Market Intelligence, reported a surge in new large language models from various companies, including Runway AI Inc., in the past month. Lastly, a group of artists who filed a copyright lawsuit against Stability AI, Midjourney, DeviantArt, and Runway AI achieved a partial victory when a California federal judge allowed their core copyright infringement claim to proceed, citing "plausible allegations" of unlawful use of their works.

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Runway offers products in the enterprise tech and media tech industries. Runway's product portfolio comprises of production and post production and generative AI.
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