AI video-generation startup Runway has raised $315 million in a Series E funding round, TechCrunch reported on Feb. 10.
The investment values Runway at about $5.3 billion, nearly double its valuation in the previous round.
Runway plans to use the funding to accelerate development of next-generation world models and to expand its products. World models focus on enabling AI to understand and predict real-world environments.
Runway unveiled its first world model in December last year. Runway's recently announced video-generation model, Gen 4.5, can create high-definition videos using only text prompts and supports audio, long-form and multi-shot generation, character consistency and advanced editing features.
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