Felicis, a venture capital firm, led a $50m Series C round in Runway, an applied AI research company, with participation from Amplify Partners, Coatue, Compound, and Lux Capital. “As content needs continue to skyrocket, creators will become overwhelmed by the volume of rote tasks their jobs require. Runway is pushing the boundaries of creativity and enabling creators to meet these demands and enhance their craft, while saving enterprises and creatives significant amounts of time and money with recent advancements in AI. We are thrilled to have the support of our newest investors, and our longtime partners which further validates our mission to define what’s possible with generative AI," Cristóbal Valenzuela, Runway CEO and Co-Founder.