Runway, an AI research and technology startup, said Tuesday that it has raised $315 million in a Series E round of funding.
General Atlantic led the financing, which included participation from Nvidia, Adobe Ventures, AMD Ventures, Fidelity Management & Research Co. and Felicis Ventures 1 , among others. The capital was raised at a $5.3 billion valuation, up from $3.3 billion at the time of its $308 million Series D round last April, which was also led by General Atlantic.
In total, the New York-based startup has raised $860 million since its 2018 inception.
Runway describes itself as an applied AI research company building world models for universal simulation, as well as “cutting-edge” video generation models that it says are used by tens of millions of consumers and enterprises. Put more simply, the company makes software that enables users to create videos using text prompts or images. Last year, Runway unveiled its new AI model, Gen-4, which can create videos with consistent characters and backgrounds. It continues to iterate on that model.
Its funding round is another example of robust investor interest in video AI startups. Global funding for AI-related video companies in 2025 totaled $3.08 billion, per Crunchbase data. That’s up 94.6% from the $1.58 billion raised by AI-related video startups in 2024. Luma AI is another example of a company in the space that raised a large round in 2025 — a $900 million Series C that was announced in November at a $4 billion valuation.
From film studios to fintech
Runway declined to reveal revenue figures, with Michelle Kwon, head of operations and partnerships, telling Crunchbase News only that the startup is “growing extremely fast.” The company sells its product on a subscription basis, with various pricing tiers for individual subscriptions and a per-seat model for enterprises.
Its customers are in a wide range of industries and include “every major film studio,” according to Kwon, in addition to advertising and marketing firms and in-house creative teams, ad and marketing teams, gaming companies and architecture firms. Its customers include Chime, Robinhood, Allstate, PayPal, Yamaha, Palo Alto Networks, Siemens, SoFi, Prudential, Gamma and AAA.
Runway is increasingly working with robotics and autonomous vehicle companies, as its models “improve their ability to simulate real-world environments,” Kwon told Crunchbase News.
“We’ve continued to release industry-leading generative video models, including our latest, while also pushing further into world models, which we believe will be key to solving humanity’s hardest problems across fields like medicine, climate, energy and robotics,” she said. “We’ve also expanded our compute infrastructure, in part through an agreement with CoreWeave.”
Runway plans to use its new capital to scale its research and products as it aims to sign larger enterprise contracts.
“We’ll expand our research capacity and compute infrastructure with an eye on building more capable world models, and continue to develop products on top of those models,” Kwon said. “This new money allows us to scale further and faster, both in terms of frontier research and in how we productize that research.”
Runway also continues to boost headcount across all areas, but particularly research, engineering and go-to-market, she added.
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Illustration: Dom Guzman
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