Stability AI, maker of image generator Stable Diffusion, raises $76 million in fresh funding
Stability’s new backers are also the entertainment companies it is trying to build for.
The $76 million Series B includes Universal Music Group, Sony Music Group, Warner Music Group, EA, AMD Ventures, and Pacific Alliance Ventures. Stability says the money will go toward its creative production products and professional services. The company has recently signed deals with Universal Music, EA, and Warner Music to co-develop generative AI tools for creative workflows. Getty’s U.K. copyright case against Stability mostly went the company’s way, while a related U.S. case is still pending. TechCrunch AI's note
The $76 million Series B includes Universal Music Group, Sony Music Group, Warner Music Group, EA, AMD Ventures, and Pacific Alliance Ventures. Stability says the money will go toward its creative production products and professional services. The company has recently signed deals with Universal Music, EA, and Warner Music to co-develop generative AI tools for creative workflows. Getty’s U.K. copyright case against Stability mostly went the company’s way, while a related U.S. case is still pending. TechCrunch AI's note
score 7