New York-based Runway is backed by more than $230 million in funding from Nvidia Corp., Google LLC and other investors. The company launched its first AI video generator, Gen-1, in February 2023. The new Gen-4 model that debuted today marks the fourth iteration of the algorithm series.

The last major model update at Runway was Gen-3, which was announced just under a year ago in June 2024. That update greatly expanded the length of videos users could produce from just two seconds to 10, and offered greater consistency and coherence than its predecessor, Gen-2.

Runway, a startup developing a range of generative AI models for media production, including video-generating models, has raised $308 million in a Series