Runway launches $10M fund for AI startups

Runway, a leader in AI video generation, has launched a $10 million venture fund and a new Builders program to support early-stage AI startups. The fund will invest in companies focused on AI, media, and world simulation, aiming to foster an ecosystem around "video intelligence." The Builders program offers startups free API credits and access to Runway's real-time video agent API, Characters. This initiative reflects Runway's strategy to explore new use cases and applications beyond its core video generation tools by partnering with emerging companies. Runway joins other major AI players like OpenAI and Perplexity in establishing venture funds to cultivate the next generation of AI innovation.