GoKawiilStability AI Raises $76M Series B From Universal Music, Sony, Warner and EA
Stability AI, maker of the Stable Diffusion image generator, closed a $76 million Series B round, pushing its total funding to $232 million. Backers include Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts, AMD Ventures, and Pacific Alliance Ventures. CEO Prem Akkaraju said the funds will support the company's creative production tools and professional services expansion.