AI video company Runway is reportedly seeking $450 million in funding, potentially valuing the firm at $4 billion. Private equity firm General Atlantic is said to be leading the investment talks.
Runway's software enables users to generate new videos using text or image inputs, addressing the growing AI-powered video creation tools market. The company previously secured $141 million from investors including Google and Nvidia, with a valuation of $1.5 billion.
This potential investment highlights AI's increasing role in industry transformation and digital innovation. Runway's AI-driven approach to video production positions it as a significant player in the expanding field of artificial intelligence applications.