Stability AI raises $76 million in Series B funding.
Stability AI announced the completion of a $76 million Series B funding round, with investors including Electronic Arts, Sony Music, Universal Music, Warner Music, and AMD Ventures.
Stability AI announced the completion of a $76 million Series B funding round.The company stated that equity financing and convertible notes completed during the current management's tenure totaled US$232 million.
New investors include Electronic Arts, Sony Music Group, Universal Music Group, Warner Music Group, AMD Ventures, and Pacific Alliance Ventures. The funds will be used for creative product development, applied research, and professional services; TechCrunch and other media outlets have independently confirmed the amount raised in this round.
refer to:Stability AI Official Announcement