Stability AI announced on the 25th, U.S. Pacific Time, that it had completed a Series B funding round totaling $76 million (note: approximately RMB 512 million at the current exchange rate). The funding will support the development of creative production products, deepen applied research, and expand professional services.
Investors in this round include leading game company EA and the world's three major music entertainment companies, Sony Music, Universal Music, and Warner Music. AMD's venture capital division also participated.
Stability AI CEO Prem Akkaraju said:
This unparalleled group of investors validates our vision: generative AI can empower every producer, musician, and storyteller.
Stability stands apart in artificial intelligence because we are creative people building tools for creative professionals. Developing industry-leading technology requires bringing together industry-leading giants, and that is exactly what we have done.
Our investors provide a foundation for our long-term success because they offer more than funding. They also provide expertise, credibility, and opportunities for direct connections with artists.