RunwayML Eyes $450 Million Investment, Launches Gen-3 Alpha
Who leads RunwayML's new $450 million investment round?
General Atlantic leads RunwayML's new $450 million investment round, which values the company at $4 billion. Runway is an AI-powered video startup that offers software for generating videos from text prompts or images4. The funding round includes participation from major investors such as Google and Nvidia.
What is the new valuation of RunwayML after this investment?
RunwayML's new valuation after the $450 million investment led by General Atlantic is $4 billion2. This comes as the company has raised a total of $237 million to date, with investors including Google, Nvidia, Salesforce Ventures, Felicis Ventures, Amplify Partners, Lux Capital Management, Coatue Management, and Madrona Venture Group.
What is the cost per 10-second video generated by Runway Gen-3?
The cost per 10-second video generated by Runway Gen-3 is $1. This price applies to the company's Gen-3 Alpha model, which generates high-quality video clips from text descriptions and still images. However, it's important to note that the costs can add up quickly, especially for multiple projects or if several "takes" are needed to get a usable shot.