This AI Startup Generates Videos With Text — And It Just Raised $141M Led By Google And Nvidia
Portfolio Pulse from Rounak Jain
AI startup Runway has raised $141 million in a Series C funding round led by Google and Nvidia, with participation from Salesforce Ventures and existing investors. The funds will be used to scale the company's in-house research efforts. Runway's fundraising follows another AI startup, Inflection, which raised $1.3 billion led by Microsoft, Nvidia, and others. Runway's latest product, Gen2, is currently available for testing.
June 30, 2023 | 9:59 am
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Google participated in the Series C funding round for AI startup Runway, indicating its interest in AI technology.
Google's investment in Runway shows its interest in AI technology. However, as Google is a large corporation with diverse investments, this particular investment may not have a significant impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Microsoft led the funding round for AI startup Inflection, indicating its interest in AI technology.
Microsoft's investment in Inflection shows its interest in AI technology. However, as Microsoft is a large corporation with diverse investments, this particular investment may not have a significant impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Nvidia participated in the Series C funding round for AI startup Runway, indicating its interest in AI technology.
Nvidia's investment in Runway shows its interest in AI technology. However, as Nvidia is a large corporation with diverse investments, this particular investment may not have a significant impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70