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Runway builds generative video and multimodal AI tools—text-to-video, image-to-video, advanced video editing, and real-time agents—delivered via web apps and APIs for creators, studios, and enterprises. Its business model centers on subscriptions, usage-based credits, and licensing; notable releases include Gen-4.5, the GWM-1 world model, and a robotics SDK. Founded in 2018 and headquartered in New York, the company is privately held.