Runway, a privately owned company founded in 2018 and headquartered in the US, employs approximately 130 people. Its primary business is the production and post-production of video editing software utilizing machine learning. In 2023, the company reported revenues under $25 million. Runway describes its mission as developing applied AI research to support artistic and creative endeavors.
Runway received $308 million in Series D funding on April 4. This funding round, which included investments from General Atlantic, Nvidia, Fidelity Management & Research, Baillie Gifford, and SoftBank Vision Fund 2, valued the company at over $3 billion. Multiple news sources reported on the funding, highlighting investor enthusiasm for AI video generation software. One report mentioned a figure of $380 million in funding, though other sources cite $308 million.
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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Runway's revenues were less than $25M in 2023. All the revenue comes from non-linear editing.
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