Exclusive: Runway launches $10M fund, Builders program to support early stage AI startups | TechCrunch

Runway is moving beyond building AI video models and into shaping what gets built on top of them.  The AI video generation startup has launched a $10 million venture fund to invest in early-stage companies building across AI, media, and world simulation, the company’s founders told TechCrunch. It’s also rolling out a Builders program offering seed to series C startups free API credits, a move that suggests Runway wants to create an ecosystem around what it calls “video intelligence.” Runway has become one of the leading players in AI video generation, with its tools used across film, advertising, and marketing. But with the launch of its “general world models” last December, the company is now pushing beyond creative tooling into broader applications. And it’s looking to tap startups as a way to explore use cases it can’t pursue alone.  “We think that through video, we’re going to get to video intelligence, and it’s going to open a wider set of use cases in different industries that we can’t double down on today, but that maybe we can support with our research,” Alejandro Matamala Ortiz, Runway’s co-founder and chief design officer, told TechCrunch. Runway’s thesis for the fund is divided into three buckets: Technical teams that are pushing the frontier of AI and building new kinds of architecture. Builders creating the application layer on top of foundation models and bringing AI to new use cases. Companies experimenting with new forms of media creation, storytelling, and...