Runway Revenue, Valuation, Funding & Investors

Runway is valued at $5.3B as of February 2026, a 26.5x revenue multiple. Runway revenue was $200M, as disclosed with its June 2026 round.

Last Runway valuation

$5.3B

Series E · Feb 2026

Last Runway funding round

Strategic investment

Amount undisclosed · Jun 2026

Runway revenue

$200M

Strategic investment · Jun 2026

Key investors in Runway

  • Lux Capital
  • Compound
  • NVIDIA
  • Amplify Partners
  • Felicis
  • Coatue

Runway Overview

About Runway

Runway is a New York applied AI research company founded in 2018 by Cristobal Valenzuela, Anastasis Germanidis and Alejandro Matamala. It builds generative video and image models and the web tools around them, which let filmmakers, studios, advertisers and independent creators produce and edit video from text, images or existing clips. Its Gen-series models and world-model research are sold through self-serve subscriptions and enterprise and API agreements, and it has partnerships with Lionsgate, Adobe and CoreWeave. The company raised a $308 million Series D led by General Atlantic in April 2025 and a $315 million Series E led by General Atlantic in February 2026 at a reported valuation of $5.3 billion. Lionsgate took an equity interest in June 2026. In March 2026 it launched Runway Fund, which backs early companies such as Cartesia, LanceDB and Tamarind Bio, without disclosed dates or amounts.


Founded

2018

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

Revenue

$200M (Jun 2026)

Valuation

$5.3B (Feb 2026)

Runway Valuation

Runway is currently valued at $5.3B, based on its Series E in February 2026. Read the announcement ↗

The $315M round was led by General Atlantic, with participation from NVIDIA, Mirae Asset, Fidelity, Felicis, Premji Invest and 4 other investors.

Runway's valuation has grown 11x from $500M at its Series C in December 2022 to $5.3B in February 2026, across 4 priced rounds.

Runway valuation by funding round

Revenue multiple
Runway valuation by funding round
DateStageValuationRevenue Multiple
Feb 2026Series E$5.3B26.5x
Apr 2025Series D$3B33.3x
Jun 2023Series C$1.5B-
Dec 2022Series C$500M10.3x

Runway Revenue

Runway's latest recorded revenue is $200M, as of its strategic investment round in June 2026.

Revenue grew from $49M in December 2022 to $200M in June 2026.

Runway revenue by funding round

Runway revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2026$200M--Strategic investment
Feb 2026$200M$5.3B26.5xSeries E
Apr 2025$90M$3B33.3xSeries D
Dec 2022$49M$500M10.3xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Runway Funding History

Runway has raised a total of $860M across 8 funding rounds.

Runway's first fundraising round was a $2M seed round in December 2018. The most recent completed round was a strategic investment round in June 2026.

Runway funding rounds

Runway funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Strategic investmentLionsgate Studios (lead)--Lionsgate took an equity interest in Runway as part of an expanded partnership announced on 11 June 2026. The investment extends a collaboration that began in September 2024, when Runway built a custom video generation model for the studio. The two companies also agreed to develop new intellectual property together, starting with a short-form episodic series that draws on Lionsgate content and Runway's generative models. Lionsgate will be a presenting partner at the Runway AI Festival. The size of the stake was not published. Runway, founded in New York in 2018, develops generative video and world models and had raised a $315 million Series E in February 2026.
Feb 2026Series EGeneral Atlantic (lead); NVIDIA; Mirae Asset; Fidelity; Felicis; Premji Invest; AMD Ventures; Adobe Ventures; AllianceBernstein; Emphatic Capital$315M$5.3BRunway announced a $315 million Series E on 10 February 2026, led by General Atlantic with participation from NVIDIA, Adobe Ventures, AllianceBernstein, AMD Ventures, Fidelity Management & Research Company, Mirae Asset, Emphatic Capital, Felicis and Premji Invest. Runway's valuation was reported at approximately $5.3 billion, nearly double its previous valuation. General Atlantic had also led the preceding Series D in April 2025. The company said it would use the money to pre-train more advanced world models and fold them into new tools and workflows for creative professionals and enterprise users. Runway, founded in New York in 2018, develops generative video models and has partnerships with studios and software groups including Lionsgate and Adobe.
Apr 2025Series DGeneral Atlantic (lead); Baillie Gifford; NVIDIA; Fidelity; SoftBank Group$308M$3BRunway announced a $308 million Series D in April 2025, led by General Atlantic with participation from Fidelity Management & Research, Baillie Gifford, NVIDIA and SoftBank Vision Fund 2, along with other new and existing backers. Reuters reported that the round valued the New York company at more than $3 billion. The announcement coincided with the launch of its Gen-4 video model, which keeps characters, objects and backgrounds consistent between shots. Runway planned to use the money for research on future models and for its AI film and animation studio. The company was founded in 2018 and sells generative video tools to filmmakers, studios and enterprises. It raised a $315 million Series E, again led by General Atlantic, in February 2026.
Jun 2023Series CSalesforce Ventures (lead); NVIDIA; Alphabet$141M$1.5BRunway announced a $141 million extension to its Series C on 29 June 2023, with participation from Google, NVIDIA, Salesforce Ventures and existing investors. The round valued the company at $1.5 billion, three times the valuation of the $50 million Series C led by Felicis in December 2022. It followed a Google Cloud agreement under which Runway would use Google's infrastructure to train and serve its models. The New York company used the funding to scale its video generation research and expand the Gen-2 model, which creates or edits video from text prompts or images. Runway earns revenue from self-serve subscriptions, metered compute and enterprise licensing, and counts studios and media groups among its customers. It was founded in 2018 and later raised a Series D in April 2025.
Dec 2022Series CFelicis (lead); Lukas Biewald; Compound; Lux Capital; Soumith Chintala; Guillermo Rauch; Howie Liu; Amplify Partners; Jay Simons; Coatue; Amjad Masad; Madrona$50M$500MRunway announced a $50 million Series C on 5 December 2022, led by Felicis with participation from all of its existing investors, including Amplify Partners, Lux Capital, Coatue and Compound. Additional investors who joined included Madrona and angels such as Guillermo Rauch, the chief executive of Vercel. The round came a year after the $35 million Series B led by Coatue and was extended by $141 million in June 2023. Funds were directed at research on generative video and image models and at the company's creative tools. Runway, founded in New York in 2018, builds AI video generation and editing products used by filmmakers, studios and advertisers.
Dec 2021Series BCoatue (lead); Compound; Lux Capital; Amplify Partners$35M-Runway is an applied AI research company founded in 2018 that develops generative video and multimodal AI tools for creative professionals, including filmmakers, artists, and content creators. The platform features flagship Gen models and creative utilities for video synthesis, allowing users to transform text, images, or existing clips into professional-grade visual content. In December 2021, Runway raised a $35 million Series B round led by Coatue Management. The company later achieved significant valuations in subsequent rounds, including $500 million in December 2022 (Series C) and $1.5 billion in June 2023 (Series C extension), ultimately reaching $5.3 billion in February 2026. By 2025, revenue had reached $90 million in annualized recurring revenue as of June 2025.
Dec 2020Series AAmplify Partners (lead); Compound; Lux Capital; Bossa Invest$9M-Runway announced an $8.5 million Series A on 16 December 2020, led by Sarah Catanzaro and Sunil Dhaliwal of Amplify Partners with participation from Zavain Dar at Lux Capital and Michael Dempsey at Compound Ventures. Amplify had also backed the company two years earlier. The round followed Runway's 2018 seed and was the first institutional venture round for the New York start-up. Runway had been building browser-based tools that let creators apply machine learning models to video and images, and the funding was aimed at expanding that creative suite. By the end of 2021 it had raised a $35 million Series B. The company was founded in 2018 and today develops generative video and world models.
Dec 2018SeedCompound (lead); Lux Capital$2M-Runway raised a US$2 million seed round in 2018 to develop a platform for deploying machine learning models inside multimedia applications. The round funded the start-up founded that year by Cristobal Valenzuela, Anastasis Germanidis and Alejandro Matamala, who met while studying at New York University's Tisch School of the Arts. It was the company's first outside financing and preceded an $8.5 million Series A in December 2020 led by Amplify Partners. The money went towards building tools that let artists and designers use machine learning models without writing code. Runway is based in New York and today develops generative video and world models for filmmakers, studios and enterprises.

Who has invested in Runway?

27 investors have backed Runway across its funding rounds, including Lux Capital, Compound, NVIDIA, Amplify Partners, Felicis and Coatue.

Lead investors include Lionsgate Studios, General Atlantic, Salesforce Ventures, Felicis, Coatue and 2 other investors.


Runway Investors

Investors in Runway by funding rounds participated
InvestorHQRoundsRoleFirst check
CompoundUnited StatesNew York City, NY4LeadDec 2018
Lux CapitalUnited StatesNew York City, NY4ParticipantDec 2018
NVIDIAUnited StatesSanta Clara, CA3ParticipantJun 2023
Amplify PartnersUnited StatesSan Francisco, CA3LeadDec 2020
FidelityUnited StatesBoston, MA2ParticipantApr 2025
FelicisUnited StatesMenlo Park, CA2LeadDec 2022
General AtlanticUnited StatesNew York City, NY2LeadApr 2025
CoatueUnited StatesNew York City, NY2LeadDec 2021
Baillie GiffordUnited KingdomEdinburgh1ParticipantApr 2025
Lukas BiewaldUnited StatesSan Francisco, CA1ParticipantDec 2022
Salesforce VenturesUnited StatesSan Francisco, CA1LeadJun 2023
Mirae AssetSouth KoreaSeoul1ParticipantFeb 2026
Lionsgate StudiosCanadaLos Angeles, CA1LeadJun 2026

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Runway Competitors

Runway competitors include listed companies like Presight AI and MiniMax Group, and private ones like Higgsfield, Luma AI, Fal and Black Forest Labs.

Public and private companies comparable to Runway
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HiggsfieldUnited StatesSan Francisco, CAPrivate$700M-$5.4B7.7x
Luma AIUnited StatesSan Francisco, CAPrivate$50M-$4B-
FalUnited StatesSan Francisco, CAPrivate$200M-$4.5B22.5x
Black Forest LabsGermanyFreiburg im BreisgauPrivate$96M-$3.3B33.9x
Presight AIUAEUAEPublicly listed$825M$214M$5.3B4.9x
MiniMax GroupChinaChinaPublicly listed$79M($1.9B)$7.2B-

Runway Public Comps

Runway is still privately-owned, but its public comps include Bilibili, Nexstar Media Group, Presight AI, RTL Group, HYBE, Enlight Media, Nippon Television, TBS Holdings, China Film Group and Toei Animation.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bilibili$4.6B$468M0.7x0.6x6.7x4.9x
Nexstar Media Group$4.9B$1.3B3.4x2.3x12.8x6.5x
Presight AI$825M$214M6.0x4.9x23.0x19.1x
RTL Group$6.7B$625M1.1x1.0x12.3x7.8x
HYBE$2B($17M)2.3x1.4x(271.1x)15.6x
Enlight Media$607M$301M7.6x19.0x15.3x52.5x
Nippon Television$3.1B$612M1.2x1.2x6.2x8.2x
TBS Holdings$2.7B$634M2.2x2.2x9.4x22.8x

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Common questions about Runway

When was Runway founded?Runway was founded in 2018.
Where is Runway headquartered?Runway is headquartered in New York City, NY, United States.
Is Runway publicly listed?No, Runway is a private, VC-backed company.
What is Runway's valuation?Runway was last valued at $5.3B in its Series E in February 2026.
How much funding has Runway raised?Runway has raised $860M across 8 funding rounds.
What was Runway's last funding round?Runway's last funding round was a strategic investment round in June 2026, led by Lionsgate Studios.
Who are Runway's investors?Runway's investors include Compound, Lux Capital, NVIDIA, Amplify Partners, Fidelity, Felicis, General Atlantic, Coatue, Baillie Gifford, Lukas Biewald and 17 others.
What is Runway's revenue?Runway's latest recorded revenue is $200M (June 2026).
Which companies are comparable to Runway?Companies comparable to Runway include Higgsfield, Luma AI, Fal, Black Forest Labs, Presight AI and MiniMax Group.

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