Creative Tech Platform Runway Raises $8.5 Million to Make AI Tools More Accessible

The machine learning software hub has attracted the attention of agencies like R/GA and WPP

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A series of research advances over the past few years have unlocked new potential for the use of AI in creative settings, from generating realistic-sounding copy to creating art from scratch. Startup Runway wants to make all of these capabilities accessible to anyone regardless of their coding background in a model similar to the Adobe Creative Suite.

This week, the company raised $8.5 million in a vote of confidence for that ambitious mission with a new funding round led by Amplify Partners with participation from Lux Capital and Compound Ventures.

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