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RunwayML, the platform for digital creative tools, has raised $8.5M in Series A funding from investors that include Lux Capital, Compound, and Amplify Partners. Founded by Cristobal Valenzuela in 2018, RunwayML has now raised a total of $10.5M in reported equity funding.
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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.”
Runway Raises $8 5M Series A to Build the Next Generation of Creative Tools – IT Business Net itbusinessnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itbusinessnet.com Daily Mail and Mail on Sunday newspapers.