Amplify Partners leads funding round with participation from Lux Capital and Compound Ventures
NEW YORK–(BUSINESS WIRE)–Runway, a start-up building the next generation of digital creative tools, announced today an $8.5 million Series A led by Amplify Partners with participation from Lux Capital and Compound Ventures. Using machine learning, the company is pioneering image and video creation techniques for synthetic content manipulation and media editing, allowing users to create and generate content with cutting-edge AI and graphics technology. With an active and growing community, Runway has emerged as a leader in the future of content production.
“Deep learning techniques are bringing a new paradigm to content creation with synthetic media and automation,” Runway founder Cristobal Valenzuela explained. “With Runway, we’re building the backbone of that creative revolution, allowing creators to do things that were impossible until very recently.”
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