![]() | |
Company type | Private |
---|---|
Industry | Artificial intelligence, machine learning, software development |
Founded | 2018 |
Headquarters | |
Area served | Worldwide |
Key people |
|
Products | Gen-1, Gen-2, Gen-3 Alpha |
Number of employees | 86 |
Website |
runwayml |
Runway AI, Inc. (also known as Runway and RunwayML) is an American company headquartered in New York City that specializes in generative artificial intelligence research and technologies. [1] The company is primarily focused on creating products and models for generating videos, images, and various multimedia content. It is most notable for developing the commercial text-to-video and video generative AI models Gen-1, Gen-2 [2] [3] and Gen-3 Alpha. [1]
Runway's tools and AI models have been utilized in films such as Everything Everywhere All At Once, [4] in music videos for artists including A$AP Rocky, [5] Kanye West, [6] Brockhampton, and The Dandy Warhols, [7] and in editing television shows like The Late Show [8] and Top Gear. [9]
The company was founded in 2018 by the Chileans Cristóbal Valenzuela, [10] Alejandro Matamala, and the Greek Anastasis Germanidis after they met at New York University Tisch School of the Arts ITP. [11] The company raised US$2 million in 2018 to build a platform to deploy machine learning models at scale inside multimedia applications.
In December 2020, Runway raised US$8.5 million [12] in a Series A funding round.
On December, 2021, the company raised US$35 million in a Series B funding round. [13]
In August 2022, the company co-released an improved version of their Latent Diffusion model with the CompVis Group at Ludwig Maximilian University of Munich and a compute donation by Stability AI. [14] [15]
On December 21, 2022 Runway raised U$50 million [16] in a Series C round. Followed by a $141 million Series C extension round in June 2023 at a $1.5 billion valuation [17] [18] from Google, Nvidia, and Salesforce [19] to build foundational multimodal AI models for content generation to be used in films and video production. [20] [21]
In February 2023 Runway released Gen-1 and Gen-2 the first commercial and publicly available foundational video-to-video and text-to-video generation model [22] [23] [24] accessible via a simple web interface.
In June 2023 Runway was selected as one of the 100 Most Influential Companies in the world by TIME magazine. [25]
Runway is focused on generative AI for video, media, and art. The company focuses on developing proprietary foundational model technology that professionals in filmmaking, post-production, advertising, editing, and visual effects can utilize. Additionally, Runway offers an iOS app aimed at consumers [26]
The Runway product is accessible via a web platform and through an API as a managed service.
Gen-1 is a video-to-video generative AI system that synthesize new videos by applying the composition and style of an image or text prompt to the structure of a source video. The model was released in February 2023. The Gen-1 model was trained and developed by Runway based on the original paper Structure and Content-Guided Video Synthesis with Diffusion Models from Runway Research. [27] Gen-1 is an example of Generative artificial intelligence for video creation.
Gen-2 is a multimodal AI system that can generate novel videos with text, images or video clips. The model is a continuation of Gen-1 and includes a modality to generate video conditioned to text. Gen-2 is one of the first commercially available text-to-video models. [28] [29] [30] [31]
Gen-3 Alpha is the first of an upcoming series of models trained by Runway on a new infrastructure built for large-scale multimodal training. It is a major improvement in fidelity, consistency, and motion over Gen-2, and a step towards building General World Models. [2]
Runway hosts an annual AI Film Festival [32] in Los Angeles and New York City. [33] [34]
![]() | |
Company type | Private |
---|---|
Industry | Artificial intelligence, machine learning, software development |
Founded | 2018 |
Headquarters | |
Area served | Worldwide |
Key people |
|
Products | Gen-1, Gen-2, Gen-3 Alpha |
Number of employees | 86 |
Website |
runwayml |
Runway AI, Inc. (also known as Runway and RunwayML) is an American company headquartered in New York City that specializes in generative artificial intelligence research and technologies. [1] The company is primarily focused on creating products and models for generating videos, images, and various multimedia content. It is most notable for developing the commercial text-to-video and video generative AI models Gen-1, Gen-2 [2] [3] and Gen-3 Alpha. [1]
Runway's tools and AI models have been utilized in films such as Everything Everywhere All At Once, [4] in music videos for artists including A$AP Rocky, [5] Kanye West, [6] Brockhampton, and The Dandy Warhols, [7] and in editing television shows like The Late Show [8] and Top Gear. [9]
The company was founded in 2018 by the Chileans Cristóbal Valenzuela, [10] Alejandro Matamala, and the Greek Anastasis Germanidis after they met at New York University Tisch School of the Arts ITP. [11] The company raised US$2 million in 2018 to build a platform to deploy machine learning models at scale inside multimedia applications.
In December 2020, Runway raised US$8.5 million [12] in a Series A funding round.
On December, 2021, the company raised US$35 million in a Series B funding round. [13]
In August 2022, the company co-released an improved version of their Latent Diffusion model with the CompVis Group at Ludwig Maximilian University of Munich and a compute donation by Stability AI. [14] [15]
On December 21, 2022 Runway raised U$50 million [16] in a Series C round. Followed by a $141 million Series C extension round in June 2023 at a $1.5 billion valuation [17] [18] from Google, Nvidia, and Salesforce [19] to build foundational multimodal AI models for content generation to be used in films and video production. [20] [21]
In February 2023 Runway released Gen-1 and Gen-2 the first commercial and publicly available foundational video-to-video and text-to-video generation model [22] [23] [24] accessible via a simple web interface.
In June 2023 Runway was selected as one of the 100 Most Influential Companies in the world by TIME magazine. [25]
Runway is focused on generative AI for video, media, and art. The company focuses on developing proprietary foundational model technology that professionals in filmmaking, post-production, advertising, editing, and visual effects can utilize. Additionally, Runway offers an iOS app aimed at consumers [26]
The Runway product is accessible via a web platform and through an API as a managed service.
Gen-1 is a video-to-video generative AI system that synthesize new videos by applying the composition and style of an image or text prompt to the structure of a source video. The model was released in February 2023. The Gen-1 model was trained and developed by Runway based on the original paper Structure and Content-Guided Video Synthesis with Diffusion Models from Runway Research. [27] Gen-1 is an example of Generative artificial intelligence for video creation.
Gen-2 is a multimodal AI system that can generate novel videos with text, images or video clips. The model is a continuation of Gen-1 and includes a modality to generate video conditioned to text. Gen-2 is one of the first commercially available text-to-video models. [28] [29] [30] [31]
Gen-3 Alpha is the first of an upcoming series of models trained by Runway on a new infrastructure built for large-scale multimodal training. It is a major improvement in fidelity, consistency, and motion over Gen-2, and a step towards building General World Models. [2]
Runway hosts an annual AI Film Festival [32] in Los Angeles and New York City. [33] [34]