Text-to-video startup Runway managed to attract $141 million in funding

Stock market investors are constantly surveying the market and discovering new opportunities for investment. Over the past two years, companies and startups active in the field of artificial intelligence have provided a unique opportunity for capital market participants to experience profitable investment. Nvidia, Alphabet, and Microsoft are just a few examples of groups that have achieved their highest stock values ​​in recent years due to their activities in the field of artificial intelligence.

But the increase in the value of companies’ shares does not end only with the big tech giants, and many startups have also been able to use artificial intelligence as a launching pad for their progress. One of these startups is Runway AI, which is known as one of the flagships of text-to-video technology. This startup has recently succeeded in attracting 141 million dollars in capital, bringing its value close to 1.5 billion dollars and becoming one of the most valuable stocks from the eyes of investors.

converting text to images; Attractive for users and investors

It wasn’t long before text-to-image conversion models such as DALL.E 2 and Midjorney were released; But in this short time, countless contacts have been attracted to these tools and are using them in their personal and business lives. This technology was so new and advanced that no one imagined that within a short period of time we would achieve video conversion technology using text commands; But it didn’t take long for startups like Runway to make this a reality.

It didn’t take long for the attention of big companies such as Google and Nvidia to be attracted to this startup, and each of them tried to acquire a larger share of Runway by injecting capital. This startup based in New York, which started its activity in 2018, has managed to attract more than 237 million dollars in capital during its operation.

Chris Valenzuela, Runway’s co-founder and CEO, said in an interview: “This recent funding will help us expand our research around text-to-image models. “Improving stability and controllability in model production is our main goal, and we are trying to produce short and silent videos in response to input text with the latest product of the company called Runway ML Gen-2.”

Jensen Huang, the CEO of Nvidia, mentions Runway as a big change in the field of content production and the creation of narrative narratives that can be used to create innovative ideas.

The increase in shares in active collections in the field of artificial intelligence does not end only with this startup; Over the past few months, Inflection, the company best known for its Pi chatbot, has been valued at a staggering $1.3 billion, and is expected to approach $4 billion in the coming months and years. Currently, artificial intelligence has provided investors with a good profit opportunity; An opportunity that does not seem to be ignored by stock market participants.