Premji single-family office invests in AI platform Runway’s $315 million Series E

Runway, a New York City-based AI video generation and world modeling company, has raised $315 million in a Series E funding round at a valuation of approximately $5.3 billion, nearly doubling its prior valuation of $3.3 billion from its Series D round in April 2025. The round was led by General Atlantic, with participation from NVIDIA, Adobe Ventures, AllianceBernstein, AMD Ventures, Fidelity Management & Research Company, Mirae Asset, Emphatic Capital, Felicis, and Premji Invest. Founded in 2018 by Cristóbal Valenzuela, Alejandro Matamala, and Anastasis Germanidis — three graduates of NYU’s Tisch School of the Arts — Runway has raised a total of $860 million to date. The company, which employs around 140 people, develops AI-powered tools for video generation and editing, including its latest model Gen-4.5, which enables high-definition video creation from text prompts with native audio, multi-shot generation, and character consistency. Runway plans to use the new capital to pre-train the next generation of what it calls “world models” — AI systems that build internal representations of environments to simulate and plan future scenarios — and to expand into new verticals including gaming, robotics, medicine, climate science, and energy. The company has also recently signed a compute infrastructure deal with CoreWeave to support its growing capacity requirements.

About Premji Invest: The US/Indian Azim Premji family office

Premji Invest is a Bangalore, India-based single family office founded in 2006 to manage the personal wealth of Azim Premji, the founder and former chairman of Indian IT services giant Wipro. Under Premji’s leadership, Wipro grew from a vegetable oil manufacturer into a global technology company with annual revenues of approximately $11 billion. Premji Invest manages over $10 billion in assets and has made more than 140 investments across private equity, venture capital, and public markets, with aggregate portfolio revenues exceeding $20 billion. The firm operates from offices in Bangalore and Menlo Park, California, with a team of approximately 120 professionals led by Managing Partner and Chief Investment Officer TK Kurien, a former Wipro executive. Premji Invest deploys evergreen, permanent capital with no fixed exit timeline, focusing on technology, financial services, healthcare, and consumer sectors. The family office has been increasing its AI-related investments and has developed proprietary AI tools for its own investment process. Azim Premji is also a signatory of the Giving Pledge and has donated over $2 billion to the Azim Premji Foundation, which focuses on education in India. Since 2019, his son Rishad Premji has served as executive chairman of Wipro.

Picture Source: Unsplash+ (02.02.2026)
Article Source: Pulse 2.0 (16.02.2026)