Runway Secures $308 Million Series D Funding Led By General Atlantic With Fidelity And Others

Runway, a generative AI startup focused on media production, has raised $308 million in a Series D round led by General Atlantic, with participation from Fidelity, Baillie Gifford, Nvidia, and SoftBank. Co-founded by CEO Cristóbal Valenzuela, the company develops AI-powered tools for video and image generation, competing with OpenAI and Google. The funding will support AI research, hiring, and the expansion of Runway Studios. Runway recently launched its Gen-4 model, aiming for $300 million in annualized revenue, while facing legal challenges over AI training data. INVESTORS: General Atlantic, Fidelity, Baillie Gifford, Nvidia & SoftBank ROUND: Series D AMOUNT: $308,000,000 HQ: #NewYork #NY #NewYorkCity #NYC #VentureCapital #Runway #GeneralAtlantic #Fidelity #BaillieGifford #Nvidia #SoftBank #CristóbalValenzuela #TradedVC