Radules Flaviu started runware in 2023 when he tried to test the text-image company and realized that, despite the powerful technology genai, it took a long time to produce images. So radules teamed up with Ioa Hreninciuc and launched as a tool platform that has specialists to produce images, videos, and audio in real time.
This company has seen a lot of growth since it was first launched. It has more than 5 billion efforts of more than 100,000 developers, the company told Techcrunch.
The product allows developers to integrate runware APIs into their applications and then generate media assets through a single interface, eliminating the need to set up new infrastructure or maintain new integrations. It has an AI infrastructure that has AI inference for open-source models, and provides day-zero access (meaning as soon as the model, can open in runware) and concern, which focuses on operations and GTM, told TechCrunch.
On Thursday, the company announced a $50 million series on the side of the round with morning capital. The capital of Dawn Partner ShamillaH Bankiya join the board. Others in the round include insight partners and a16z speedrun. Runware already Raised $66 million in funding to dateSee rank-.
Hreninciuc said the company remains competitive through price, which is “expensive value,” in addition to having a comprehensive API. He says the company does this with a sonic inference engine, which runs on AI-specific hardware. It also partners with third-party AI cloud providers to automatically fall back in case memory is needed.
“On the software side, we can optimize the model loading and distribution, which supports the support of more than 400,000 models and makes them available for real inference,” he said.
Startups focused on DEV Tools for images and videos have become a hot market for Minimal VC. FAL.AI, for example, just rose $140 million at a cost of $4.5 billionthe second giant to rise during the month. Fal.ai focuses on the depth of the model offering that can be used for speed. So, Hreninciuc considers his competitors to be producers of new source models, such as embracing faces; Replication, a startup that runs open-sources models on apps with just a few lines of code; and TogetherThe same model Genai model.
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The company, as RADULUCU previously told TechCrunch, sells based on GPU computing time. Runware, instead looking at the stable spread and flux model, offers more images that are made so that people can pay instead of buying computing time.
Hreninciuc said the fresh capital will be used to maintain the company’s infrastructure and hopes to use Sonic’s inference engine to power 2 million models. The big goal is an API for all AI – to enable generative AI models and open the platform.
“We are also expanding rapidly into new modalities,” he said, adding that the company will expand its current team of around 25 to help make this happen.
Overall, Hreninciuc hopes Runware continues to “Make applications to scale for millions of users while actually maintaining profits, thus making the market more affordable. If it “benefits everyone,” he continued. “From the app builder to the end user, and puts powerful ai into other hands.”