About Runware
Runware is a company based in London (United Kingdom) founded in 2023 by Ioana Hreninciuc and Flaviu Radulescu.. Runware has raised $66 million across 3 funding rounds from investors including Lakestar, Andreessen Horowitz and Lunar Ventures. Runware offers products and services including Image Generation API, Image Editing, Custom Avatars, and Outpainting. Runware operates in a competitive market with competitors including Recraft, Leonardo Ai, Tiamat, Vieutopia and LiblibAI, among others.
- Headquarter London, United Kingdom
- Founders Ioana Hreninciuc, Flaviu Radulescu
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Sectors
Media & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name Runware, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$66 M (USD)
in 3 rounds
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Latest Funding Round
$50 M (USD), Series A
Dec 11, 2025
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Investors
Lakestar
& 6 more
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Employee Count
Employee Count
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Products & Services of Runware
Runware offers a comprehensive portfolio of products and services, including Image Generation API, Image Editing, Custom Avatars, and Outpainting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
API for ultra-fast AI-based image creation and customization.
Tools for background removal and inpainting in images.
Service for generating styled avatars from user inputs.
Feature to extend and add elements to existing images.
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Funding Insights of Runware
Runware has successfully raised a total of $66M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $50.0M
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First Round
First Round
(01 Oct 2024)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series A - Runware | Valuation | Dawn Capital | |
| Sep, 2025 | Amount | Seed - Runware | Valuation | Insight Partners | |
| Oct, 2024 | Amount | Seed - Runware | Valuation | a16z , Lakestar |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Runware
Runware has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Lakestar, Andreessen Horowitz and Lunar Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided for deep tech founders.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Runware
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Runware
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Runware Comparisons
Competitors of Runware
Runware operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Recraft, Leonardo Ai, Tiamat, Vieutopia and LiblibAI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Platform offering AI-powered design tools
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| domain | founded_year | HQ Location |
AI assets are generated using models on an online platform.
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| domain | founded_year | HQ Location |
A text-to-image AI platform is provided by Tiamat.
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| domain | founded_year | HQ Location |
Functions as an AI-based platform for generating art.
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| domain | founded_year | HQ Location |
Platform for AI drawing and model sharing
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Runware
When was Runware founded?
Runware was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Runware located?
Runware is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Runware a funded company?
Runware is a funded company, having raised a total of $66M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Oct 01, 2024.
What does Runware do?
Runware was established in 2023 in London, United Kingdom, as an online platform focused on AI-driven content creation for consumers. Services include generation of videos from text descriptions, text-to-image conversions, and image-to-image transformations. Operations are centered on accessible AI tools within the digital media sector, supporting creative outputs without requiring specialized hardware.
Who are the top competitors of Runware?
Runware's top competitors include Recraft, Leonardo Ai and LiblibAI.
What products or services does Runware offer?
Runware offers Image Generation API, Image Editing, Custom Avatars, and Outpainting.
Who are Runware's investors?
Runware has 7 investors. Key investors include Lakestar, Andreessen Horowitz, Lunar Ventures, Begin Capital, and Zero Prime Ventures.