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Founded Year

2018

Stage

Series C - II | Alive

Total Raised

$236.5M

Valuation

$0000 

Last Raised

$141M | 2 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+4 points in the past 30 days

About Runway

Runway is an applied AI research company that focuses on advancing creativity within the art and entertainment sectors. The company offers a suite of creative tools powered by multimodal AI systems that facilitate the generation and manipulation of audiovisual content, making it accessible and empowering for storytellers and creatives. Runway primarily sells to the creative industry, offering solutions that enhance the capabilities of filmmakers, artists, and content creators. It was founded in 2018 and is based in New York, New York.

Headquarters Location

79 Walker Street

New York, New York, 10013,

United States

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ESPs containing Runway

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Marketing & Ad Tech

The generative AI — blog-to-video market uses artificial intelligence to create videos from text, such as a blog or text chat. AI makes the video creation process faster and more efficient, while also allowing for customization and personalization. The technology helps address the problems with traditional video production, such as high costs, long coordination times, and lack of flexibility. Thes…

Runway named as Leader among 15 other companies, including Synthesia, HeyGen, and DeepBrain AI.

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Research containing Runway

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Runway in 11 CB Insights research briefs, most recently on Oct 17, 2024.

Expert Collections containing Runway

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Runway is included in 8 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,249 items

D

Digital Content & Synthetic Media

2,271 items

The Synthetic Media collection includes companies that use artificial intelligence to generate, edit, or enable digital content under all forms, including images, videos, audio, and text, among others.

I

Influencer & Content Creator Tech

338 items

Companies that serve independent creators who want to monetize their own work, from content creation tools to administrative back-end platforms to financing solutions.

A

AI 100

100 items

G

Generative AI 50

50 items

CB Insights' list of the 50 most promising private generative AI companies across the globe.

G

Generative AI

942 items

Companies working on generative AI applications and infrastructure.

Latest Runway News

Genmo introduces Mochi 1, an open-source text-to-video generation model

Oct 22, 2024

Genmo introduces Mochi 1, an open-source text-to-video generation model SHARE Genmo Inc. , an artificial intelligence content generation platform, today announced the preview release of its new open-source model Mochi 1, capable of video generation. The company said Mochi 1 represents dramatic improvements in state-of-the-art quality of motion as well as the ability to keep in line with the query text written by users. It’s not uncommon for AI models to “daydream” even when given specific instructions in text, so Genmo said that its model has been trained to adhere strongly to instructions. In addition to the new model release, Genmo unveiled a new hosted playground, where users can try out Mochi 1 for free . The weights are also available on the AI model hosting site Hugging Face . Alongside the news, Genmo shared that the company raised $28.4 million in Series A funding led by NEA with participation from The House Fund, Gold House Ventures and WndrCo, Eastlink Capital Partners and Essence VC. The company said that it would use the funding to help unlock what it calls the “right brain of artificial general intelligence.” Mochi 1 represents what the company says is the first step toward building that right brain, which is commonly associated with creativity, whereas the left brain is associated with analytical and logical thinking. Much investment and work has been placed in video generation since the launch of highly featured AI video generators such as Runway AI Inc.’s model and OpenAI’s Sora . The company said the new model sets a high bar for realistic motion dynamics by understanding physics such as fluid movement, fur and hair simulation, and most importantly human motion. The model can generate smooth videos at 30 frames per second for durations up to 5.4 seconds – which is currently the industry standard for most models on the market. When prompting, it sticks very closely to what people tell it when they are clear and concise with what they want it to display. This ensures that it delivers accurate videos that reflect what users instruct it to perform, the company said, giving users detailed control over characters, scenes and other controls. To build Mochi 1, Genmo used a 10 billion-parameter diffusion model, representing the number of variables that can be used to train a model to make it more accurate. Under the hood, the company used its own Asymmetric Diffusion Transformer, or AsymmDiT, architecture that the company said can efficiently process user prompts and compressed video tokens by streamlining text processing to focus on visuals. AsymmDiT jointly builds video using text and visual tokens, similar to Stable Diffusion 3, but the company said its streaming architecture has nearly four times as many parameters as the text stream through a larger hidden dimension. Using an asymmetric design, it can lower its memory use for deployment. The Mochi 1 preview showcases a preview base model that can generate 480p video, but the company said the full release of the model is slated for release before the end of the year. The full model will include Mochi 1 HD, which will support 720p video generation and enhanced fidelity for smoother motion. Genmo said it trained Mochi 1 entirely from scratch. At 10 billion parameters, it said, it represents the largest video generative video model ever released to open source. The company’s existing closed-source image and video generation models already have more than 2 million users. Released under the Apache 2.0 open-source license, Mochi 1’s model weights and source code are available for developers and researchers to work with and can be found on GitHub and Hugging Face . Image: Genmo A message from John Furrier, co-founder of SiliconANGLE: Your vote of support is important to us and it helps us keep the content FREE. One click below supports our mission to provide free, deep, and relevant content.

Runway Frequently Asked Questions (FAQ)

  • When was Runway founded?

    Runway was founded in 2018.

  • Where is Runway's headquarters?

    Runway's headquarters is located at 79 Walker Street, New York.

  • What is Runway's latest funding round?

    Runway's latest funding round is Series C - II.

  • How much did Runway raise?

    Runway raised a total of $236.5M.

  • Who are the investors of Runway?

    Investors of Runway include Google, Salesforce Ventures, NVIDIA, Lux Capital, Compound and 8 more.

  • Who are Runway's competitors?

    Competitors of Runway include Stability AI, MiniMax AI, Ideogram AI, PhotoRoom, Bria and 7 more.

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Compare Runway to Competitors

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PhotoRoom

PhotoRoom specializes in artificial intelligence (AI) photo editing within the technology and photography sectors. The company offers a suite of tools that enable users to remove and change image backgrounds, retouch photos, and create visual content with ease. PhotoRoom primarily serves businesses in industries such as beauty, clothing, entertainment, furniture, and jewelry, providing solutions for ad asset creation and e-commerce. It was founded in 2019 and is based in Paris, France.

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Topaz Labs

Topaz Labs is a company that specializes in AI image quality software, operating in the technology and software industry. The company offers photo and video enhancement software that utilizes artificial intelligence to improve image quality, including features such as noise reduction, sharpening, and upscaling. Topaz Labs primarily serves the creative industry, with a focus on professionals in photography and video editing. It was founded in 2006 and is based in Addison, Texas.

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