Stability AI raises $76 million from entertainment and technology investors

Summary

Stability AI raised $76 million, bringing total funding to$232 million under CEO Prem Akkaraju. Investors include Electronic Arts, Sony Music Group, Universal Music Group, Warner Music Group, AMD Ventures and Pacific Alliance Ventures, with the company directing capital towards creative products, applied research and professional services.

Why it matters

The investor mix indicates that generative-media companies are increasingly tying model development to licensing, distribution and production relationships with incumbent creative industries.

Related coverage

• Generalist raises another $200 million for robot foundation models
• OpenAI publishes first benchmark results for Jalapeño inference chip
• Accelerated Understanding unveils a non-Transformer physics AI

Sources

• Stability AI raises $76 million in fresh funding
• The Entertainment Industry’s Biggest Names Back Stability AI