Runway, best known for its video-generating AI models, raises $308M | TechCrunch

Runway, a startup developing a range of generative AI models for media production, including video-generating models, has raised $308 million in a Series D funding round.

General Atlantic led the round, which had participation from Fidelity Management & Research Company, Baillie Gifford, Nvidia, SoftBank, and others. The fresh capital will be put toward AI research and hiring, Runway said in a press release, as well as toward expanding Runway’s Runway Studios film and animation…