Runway AI Inc. has raised $308 million in Series D funding to reach a valuation surpassing $3 billion, led by General Atlantic. The new capital will be used to further develop AI research, recruit talent, and expand Runway Studios.

New York-based startup Runway AI Inc., which specializes in AI video, has raised a staggering $308 million of Series D capital, bringing its valuation to well over $3 billion. Private equity giant General Atlantic led the round of investment, with significant contributions from SoftBank Group, Nvidia, Fidelity Management & Research Company, and Baillie Gifford. The investment will fuel Runway’s aggressive ambitions in AI research, fresh recruitment, and expansion of its in-house production company, Runway Studios. This funding is a strong indication of growing confidence in AI-powered media creation tools.