Stability AI latest funding backed by entertainment industry biggest names — Stability AI
Stability AI announced the completion of a new round of financing, raising $76 million. This investment brings the company’s total funding to $232 million. The investors leading this effort include Electronic Arts, Sony Music Group, Universal Music Group, Warner Music Group, AMD Ventures, and Pacific Alliance Ventures. The funds will be used to develop product suites for creative production, deepen research in application-related disciplines, and expand its professional services department. Previous investors include Coatue, Greycroft, Kadmos Capital, as well as individual investors such as Sean Parker and Eric Schmidt. Some of these institutions and individuals have continued to support Stability AI with two consecutive rounds of investment.