Funding
Stability AI raises $76 million backed by Universal, Sony and Warner Music
The round brings total funding to $232 million and includes EA and AMD Ventures, aimed at expanding creative-production tools and professional services.
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The short version
- Stability AI, maker of Stable Diffusion, raised $76 million in a round backed by Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts, AMD Ventures and Pacific Alliance Ventures.
- Total funding raised to date reaches $232 million; valuation was not disclosed.
- The company plans to expand its creative production product suite and grow its professional services division.
- CEO Prem Akkaraju called the round "an affirmation of our vision where generative AI empowers every producer, musician, and storyteller."
The round brings total funding to $232 million and includes EA and AMD Ventures, aimed at expanding creative-production tools and professional services.