Stability AI, maker of image generator Stable Diffusion, raises $76 million in fresh funding
ThinkingNews Desk · how this was written
Stability AI, the creator of the Stable Diffusion image-generation model, announced a $76 million Series B financing round. The round includes contributions from Universal Music Group, Warner Music Group, Sony Music and Electronic Arts, companies with which Stability AI has agreements to develop AI models using their intellectual property.
Written from all 3 reports below, not from any single one.
How it was reported
- TechMeme·Stability AI, which has deals with UMG, WMG, and EA to build AI models from their IP, raised a $76M Series B from them, Sony Music, and others (Corbin Bolies/Variety)
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- The Next Web·Stability AI raises $76mn from Universal, Warner, Sony Music and EA
Stability AI secured $76 million in a Series B round led by Universal Music Group, Warner Music Group, Sony Music Group, Electronic Arts, AMD Ventures and Pacific Alliance Ventures, bringing total funding to $232 million. The capital will expand its purpose-built AI tools for professional creatives in music, gaming and entertainment, and deepen applied research and professional services.
- TechCrunch·Stability AI, maker of image generator Stable Diffusion, raises $76 million in fresh funding
Stability AI secured $76 million in Series B financing, bringing its total capital raised to $232 million, with investors including Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts, AMD Ventures and Pacific Alliance Ventures. The funds will expand its “creative production” suite and professional services for AI-generated music, video and image tools.
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