RunwayML raises $8.5 million for its AI-powered media creation tools
December 16, 2020
RunwayML, a Brooklyn-based startup building a library of AI-powered tools for designers, artists, and other creators, has raised $8.5 million in venture capital. The company says the funds will be used to accelerate its go-to-market efforts as looks to increase the size of its product development teams.
Runway CEO Cristóbal Valenzuela argues that for decades, the over $2.1 trillion media industry…