Predict your next investment

Business Plan Competition
startuprunway.co

See what CB Insights has to offer

Investments

9

About Startup Runway

Startup Runway is a non-profit-driven competition that is the largest-prize pitch competition of its kind.

Startup Runway Headquarter Location

Atlanta, Georgia,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Startup Runway News

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

Dec 17, 2020

The machine learning software hub has attracted the attention of agencies like R/GA and WPP One of Runway's dozens of tools renders photos in the styles of famous artists.Runway/Adweek 2 hours ago 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. Runway plans to use the money to further its transition from a playground for casual AI enthusiasts to a serious creative tool that has already attracted attention from agencies like R/GA, WPP and VMLY&R and brands such as New Balance and Google. Rather than creating all of the tools it offers itself, Runway operates like an app store-like hub that hosts dozens of models created by independent developers, and users simply pay for cloud computing time to run them. The capabilities available on the platform range from state-of-the-art text and image generators to photo styling and editing functions and video production tools. While many of them are meant to be serious creative tools on par with professional competitors, others are whimsical novelties or early-stage experiments. For instance, one module offered is a version of the GPT-2 text generator trained on lyrics from K-pop band BTS; another attempts to create an image from a text description—with decidedly mixed results. A sampling of some of the tools available on Runway.Runway Runway founder Cristóbal Valenzuela Barrera said the next stage in the company’s evolution is to focus on building even more accessible interfaces on some of the tools to create a Photoshop-like experience for AI functions, like creating deepfake-like synthetic media or natural language processing. Barrera said he was inspired by projects from professional clients such as New Balance, which used a generative AI model within the platform to experiment with shoe designs, and R/GA, which used the hub to access research group OpenAI’s GPT-2 copy generator. “We originally thought of the platform as kind of an easy-to-use and accessible platform to discover AI models … because there are a lot of models and research coming out that are very significant for creatives,” Barrera said. “The next step is going to be basically taking that community and building what we call the next generation of creative tools. That basically translates into taking all those models all those algorithms and then building interfaces on systems that allow people to get production-level results with them.” Runway is one of a handful of companies that are aiming to turn recent advances in creative AI into more accessible tools for non-coders. Another is Playform AI , which has also seen interest from major agencies and brands and recently launched an ecommerce shop for professional AI art .

Startup Runway Investments

9 Investments

Startup Runway has made 9 investments. Their latest investment was in AutomatedLabTech as part of their Biz Plan Competition on May 5, 2019.

CBI Logo

Startup Runway Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/6/2019

Biz Plan Competition

AutomatedLabTech

$0.01M

Yes

1

5/3/2018

Biz Plan Competition

Subscribe to see more

$99M

Subscribe to see more

10

Other Investors

Subscribe to see more

Subscribe to see more

0

Other Investors

Subscribe to see more

Subscribe to see more

0

Other Investors

Subscribe to see more

Subscribe to see more

0

Date

5/6/2019

5/3/2018

Round

Biz Plan Competition

Biz Plan Competition

Other Investors

Other Investors

Other Investors

Company

AutomatedLabTech

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$0.01M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

10

0

0

0

Startup Runway Team

1 Team Member

Startup Runway has 1 team member, including current Founder, Lisa Calhoun.

Name

Work History

Title

Status

Lisa Calhoun

Founder

Current

Name

Lisa Calhoun

Work History

Title

Founder

Status

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.