Changes sourcing in paragraph 2
April 3 (Reuters) - AI video startup Runway said on Thursday it had raised $308 million in a new funding round, led by private equity firm General Atlantic, to expand its new media ecosystem.
The latest funding round valued the New York-based company at over $3 billion, according to people familiar with the matter, but Runway declined to comment on the valuation.
With the latest fundraise, the startup plans to develop AI research for new media focusing on its AI film and animation studio using world simulators.
A world model is an AI system that builds an internal representation of an environment, and uses it to simulate future events within that environment.
The round also saw participation from SoftBank Group 9984.T, Nvidia NVDA.O, Fidelity Management & Research Company and Baillie Gifford.
Runway, which offers software that allows users to create videos by using text prompts or images, signed a deal with Lionsgate last September to create a customized video generation model to help "filmmakers, directors and other creative talent augment their work".
(Reporting by Kritika Lamba in Bengaluru and Krystal Hu in New York; Editing by Vijay Kishore)
((Kritika.Lamba@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。