Secure Diffusion Collaborator Raises $50M, Touts Democratization of AI-Created Content material

Runway instruments have been used to create this video for The Late Present with Stephen Colbert

Runway, one of many organizations behind the controversial Secure Diffusion picture and video era mannequin launched earlier this yr, introduced it has closed a Collection C spherical of enterprise capital funding price $50 million.

Secure Diffusion is a deep generative neural community that may create pictures based mostly on textual content enter, much like OpenAI’s DALL-E. The supply code for the AI mannequin, which was created by the CompVis group on the German college LMU Munich, was launched publicly in August by way of a collaboration of Runway, Stability AI, and CompVis LMU.

Secure Diffusion, which was skilled on billions of publicly obtainable pictures, has confronted controversy throughout its brief public life over the potential for abuse. Along with routinely producing surreal pictures that may fall into the fantasy and sci-fi classes, Secure Diffusion will also be used to create pictures that violate group requirements concerning violence, racial bias, and pornography. Whereas its phrases of service forbid that, specialists say it’s comparatively simple to bypass.

Secure Diffusion is a generative AI mannequin that may create a picture based mostly on just a few phrases of enter textual content (Picture supply: Runway)

Firms behind the AI mannequin nonetheless are transferring ahead with the expertise, which they are saying places superior artistic powers into the arms of extra folks. StabilityAI introduced a $101 million funding spherical in October, and now Runway is on the point of make its personal push into the doubtless profitable realm of AI-generated pictures and movies.

“As content material wants proceed to skyrocket, creators will grow to be overwhelmed by the amount of rote duties their jobs require,” says Runway CEO and Co-Founder, Cristóbal Valenzuela, in a press launch. “Runway is pushing the boundaries of creativity and enabling creators to fulfill these calls for and improve their craft, whereas saving enterprises and creatives vital quantities of money and time with latest developments in AI.”

The Collection C funding spherical was led by Felicis, a brand new investor. It additionally noticed participation from present buyers Amplify Companions, Coatue, Compound, and Lux Capital, in addition to Madrona, a brand new investor. The Collection C spherical brings the overall funding for Runway–which was based in 2018 by Valenzuela, Alejandro Matamala, and Anastasis Germanidis and relies in New York–to $95.5 million. Coatue is also an investor in StablityAI, which reportedly has a valuation above $1 billion.

Runway can also be a creator of Latent Diffusion, a diffusion mannequin that can be utilized to create pictures. The corporate plans to earn money by promoting entry to its AI expertise, together with AI Magic Instruments, a collection of greater than 30 utilities for producing and modifying pictures. Along with creating pictures with only a few phrases, Runway’s choices can create pictures based mostly on different pictures. It additionally makes use of AI to deal with primary picture modifying duties, like eradicating backgrounds and objects from pictures and movies.

“Powered by proprietary cutting-edge AI analysis, Runway empowers people and main artistic groups everywhere in the world to create multimedia content material in magical methods and collaborate over a browser in 4K definition,” says Aydin Senkut, founder and managing companion of Felicis in a press launch. “We’re thrilled to companion with Cris, Anastasis, and Alejandro as they proceed to develop and develop the universe of artistic instruments at a blazing-fast tempo.”

Runway counts CBS, New Steadiness, Harbor Image Firm, and Publicis as clients. Among the many joyful customers are the graphics staff for The Late Present with Stephen Colbert, which used Runway to hurry the event of a latest “Americone Dream” bit for the present (you may view the video right here).

“I feel if we hadn’t had Runway, it could have been a catastrophe, and a a lot greater carry,” mentioned Late Present Artwork Director Andro Buneta in an interview posted to the Runway web site. “You may type of pull a key, however there have been plenty of tough edges and plenty of stuff was disappearing. The Runway matting course of was excellent and it allowed us to truly deal with shadowing reflections.”

Associated Objects:

Secure Diffusion Creator Stability AI Raises $101M

OpenAI’s DALL·E 2 Is Surreal

The Key to Laptop Imaginative and prescient-Pushed AI Is a Strong Knowledge Infrastructure

Andrew Ng’s Laptop Imaginative and prescient Startup Nabs $57 Million

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