Runway Secures $27.5M, Resemble AI Raises $8M, and Meta Announces Generative AI for Text and Images

Hello folks! 🙋We have the following updates for you today! 📣

• Runway lands $27.5M for its financial platform.
• Voice cloning platform Resemble AI raised $8M.
• Meta announces Generative AI for text and images.

Runway Secures $27.5M for Its Financial Platform

Runway provides busine­sses with a cloud-based solution that simplifies the­ process of creating, managing, and sharing financial models. This ve­rsatile platform seamlessly inte­grates with over 100 data sources, including popular accounting software­ like QuickBooks and NetSuite, as we­ll as productivity tools like Google Shee­ts and AWS.

According to the latest re­port, the company successfully secure­d $27.5 million in a Series A funding round. The inve­stment was led by Initialized Capital along with othe­r contributors. With this recent round of funding, the company’s total raise­d capital now stands at $33.5 million.

It creates dynamic reports and dashboards with live charts, tables, and dynamic text. Runway seamlessly integrates with all departments like accounts, HRIS, data warehouse, etc., simplifying staying updated with the latest data for accurate forecasting.

Voice Cloning Platform Resemble AI Raised $8M

Resemble is a generative AI to clone realistic-sounding voices. It is used by some of the world’s top firms, such as World Bank Group, Netflix Bolingo, Byjus, etc.

As per a report, the company raised $8M in a Series A round led by Javelin Venture Partners and other investors. This fund adds to its total funding of $12 million.

Some of its features include translating your voice to 60+ languages and easily expressing a wide range of emotions like happiness, sadness, and anger effortlessly in your voice without needing extra data. Convert your voice to another voice in real time with speech-to-speech technology for authentic and immersive results.

Meta Announces Generative AI for Text and Images

Meta announced a generative AI model called CM3Leon (pronounced like “chameleon”) for text-to-image and image-to-text generation. It is one of its types that is capable of generating captions for images.

CM3leon was created to generate text and graphics from mixed-modal input. This innovative strategy combines retrieval-augmented pre-training with multitasking supervised fine-tuning techniques to produce an efficient tokenizer-based multimodal model.

CM3Leon stands out by demonstrating extraordinary performance in generating images of complex objects and text prompts; for example, the prompt: A small cactus wearing a straw hat and neon sunglasses in the Sahara desert has produced the image shown above.
You can also try Meta’s text-to-video generator.

You can also try Meta’s text to video generator.

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