Runway raises $308M Series D, pushing valuation to about $3 billion
Video-generation AI company Runway announced it had raised $308 million in a Series D round led by General Atlantic. Fidelity Management & Research, Baillie Gifford, Nvidia, SoftBank, and others participated, bringing the company’s total funding raised to date to $536.5 million.
Details
- Amount raised and valuation: Raised $308 million at a valuation of about $3 billion, nearly double the previously disclosed valuation of $1.5 billion
- Key investors: Led by General Atlantic, with participation from Fidelity Management & Research, Baillie Gifford, Nvidia, and SoftBank. Google and Salesforce Ventures also remain on the cap table as existing investors
- Use of funds: Said the funds would go toward strengthening AI research and hiring, as well as expanding its film and animation production division, Runway Studios
- Business status: Had recently signed its first partnership with a Hollywood studio, Lionsgate, and said it aims to reach $300 million in annual recurring revenue (ARR) by the end of the year
What happened next
This Series D was announced just three days after the Gen-4 unveiling, underscoring Runway’s momentum on both the product and funding fronts. Runway went on to keep expanding its film production partnerships, leading to Gen-4.5 at the end of 2025 and developer-facing offerings such as Runway Dev in 2026.