It’s a big day for generative AI funding. On the heels of Inflection AI landing a $1.3 billion investment, Runway, a startup building generative AI tools for multimedia content creators, today announced a $141 million extension to its Series C round from Google, Nvidia and Salesforce, among others. The new capital will be used to scale its in-house research efforts and expand Runway’s headcount. Runway’s flagship product is Gen-2, an AI model that generates videos from text prompts or an existing image. The funding brings the company’s total raised to $237 million.
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