Runway has just announced the raise of $308 million.

This is our Series D and an absolutely huge jump.

Runway, for those unfamiliar, is a company that creates AI generated video.

And to be honest, they're pretty much the front runner.

Now, they have big competition for sure from Open AI with SORA and even from Google,

but really, Runway's been around for a lot

longer than anyone else. And I remember when runway first, I was kind of making the rounds,

at the same time as chat chip, T come out, they'd had this model for a while. It was pretty bad,

if I'm being 100% honest. Very frequently, it looked kind of like animated gifts. There was no

physics. Things would move out

of proportion and they were kind of wacky. It was low quality. You can only generate a few seconds.

So this was, you know, when Chitipti came out. They have come a long way since then. Today,

runway videos look quite impressive. And I even remember when opening I launched SORA and I was like,

oh my gosh, Sora is going to completely smoke runway.

And about three weeks later, if I remember correctly, runway came out with a new model

that was on par with Sora.

And the great thing about runway was that it was actually launched and live, whereas Sora was

unavailable for a very long time.

They were kind of having beta test people using it and

doing safety testing and it wasn't publicly available. And even to this day, while SORA is

publicly available, you don't really hear it talked a lot about. And that's because it costs $200.

You have to be on the $200 a month tier in order to actually use it. And so it just isn't very used. Meanwhile,

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