NEW YORK, NY, Runway, an applied AI research company building the next generation of creativity tools, has raised a $50M Series C led by new investor, Felicis. Existing investors Amplify Partners, Coatue, Compound, and Lux Capital participated in the round including new investor Madrona.

Runway is building the next generation of creative tools that makes machine learning easy and accessible for all types of creatives. With an active and growing community, Runway is pioneering how content and media are created. With a focus on video automation and synthetic media, Runway reduces the costs of creating visual media across creative industries.