Stability AI, a London, UK-based open-source generative AI company, has secured a significant round of investment.
Investors
The investor group includes distinguished institutions such as Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, and O’Shaughnessy Ventures, as well as notable tech executives like Sean Parker, Eric Schmidt, and Robert Nelsen.
Stability Use of Funds
The company plans to focus on expanding its offerings across various media formats, including images, video, 3D, voice, and music.
About Stability AI
Stability AI is an open-source generative AI company that delivers open-access AI models with minimal resource requirements in imaging, language, code, and audio. Its mission is to build the foundation to activate humanity’s potential. Stability AI's flagship model, Stable Diffusion, has garnered significant traction in the market, with over 150 million downloads and widespread adoption across major enterprises.
Funding Details
Company: Stability AI Limited
Raised: Undisclosed
Round: Unknown
Funding Month: June 2024
Investors: Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, O’Shaughnessy Ventures, Sean Parker, Eric Schmidt, Robert Nelsen
Company Website: https://stability.ai/
Software Category: Designing and Implementing Solutions
Source: https://stability.ai/news/stability-ai-secures-significant-new-investment