Runway, an AI video and world model company, said its annual recurring revenue has climbed past $200 million, up from $100 million in April. Co-founder and co-CEO Anastasis Germanidis said the company crossed that mark last week, marking a doubling in roughly five months. Bloomberg, citing people familiar with the matter, reported that Runway expects ARR to top $350 million by the end of this year. The company said a large share of its recent growth has come from enterprise customers. In August, Runway disclosed that its net revenue retention rate had exceeded 300%, a sign of strong renewals and expansion from existing clients. It also said usage from one Fortune 20 customer had grown 17-fold this year. Runway’s customer roster already includes Amazon, Microsoft, Adobe and Robinhood, according to the report.
Runway, an AI video and world model company, said its annual recurring revenue, or ARR, surpassed $200 million last week.
Co-founder and co-CEO Anastasis Germanidis said the company was at $100 million in ARR in April, meaning the figure doubled over five months.
Bloomberg, citing people familiar with the matter, reported that Runway expects ARR to exceed $350 million by the end of this year.
A large part of the company’s recent growth has come from enterprise customers, according to the report.
Runway said in August that its net revenue retention rate, or NRR, had risen above 300%, reflecting renewals and expanded spending from existing customers. The company also said usage from one Fortune 20 client increased 17-fold this year.
Amazon, Microsoft, Adobe and Robinhood are among the companies already using Runway.
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