Runware Raises $50 Million

Flaviu Radulescu started Runware in 2023 when he was testing a text-to-image company and realized that, though generative AI tech was powerful, it was slow in generating images. So Radulescu teamed up with Ioana Hreninciuc and launched Runware as a dev tool platform that specializes in generating images, videos, and audio in real time. The company has seen much growth since it first launched. It has powered more than 10 billion creations for more than 200,000 developers. The product lets developers integrate Runware’s API into their apps and then generate media assets through one interface, so they don’t have to set up any new infrastructure or maintain separate integrations. The company announced a $50 million Series A in a round led by Dawn Capital. Dawn Capital partner Shamillah Bankiya is joining the board. Others in the round include Comcast Ventures, Speedinvest, Insight Partners, and a16z Speedrun. Runware has raised $66 million in funding to date.