Press Release

AI Video Startup Runway Raises $141 Million

July 5, 2023

New York – July 5, 2023 – Cooley advised Runway, an artificial intelligence-based video startup company, on a $141 million extension to its Series C from Google, NVIDIA, Salesforce Ventures and existing investors, among others. Partners Sacha Ross and Roy Moran led the Cooley team.

This funding allows Runway to further scale in-house research efforts to continue to bring state-of-the-art multimodal AI systems to market while building intuitive product experiences. Cooley previously advised Runway on its $50 Million Series C financing in December 2022.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.