Runway, founded in 2018 and headquartered in New York City, is an AI-powered creative platform that has raised a total of $544 million, including $308 million in its Series D round in April 2025, led by Fidelity Investments and Baillie Gifford, reaching a $3 billion valuation. With a team of 30 employees, Runway develops generative AI tools for video generation, multimodal simulations, and AI-driven media production. Its platform empowers filmmakers, designers, and content creators to accelerate workflows, enhance creativity, and produce high-quality media using next-generation AI technology.