Stability AI announced a funding round of $101 million on October 17, 2022, intended to accelerate development of open AI models in various domains.
This funding round was led by Coatue, Lightspeed Venture Partners, and O'Shaughnessy Ventures LLC.
Founder and CEO Emad Mostaque emphasized the importance of open and accessible AI technology for societal benefit and innovation.
Their product Stable Diffusion, a text-to-image generator, has been widely adopted with over 200,000 developers and has led to the creation of over 170 million images.
Stability AI is headquartered in London and aims to develop AI technology for the good of humanity, with operations and developers around the world.

Stability AI is a startup focused on creating state-of-the-art artificial intelligence models and promoting open-source collaboration. It provides a platform for developers to contribute to and build applications using their foundational model, Stable Diffusion XL. They are pushing the boundaries in audio diffusion to generate high-quality music and sound effects, and they maintain a commitment to open access language models, competing with industry leaders. Stability AI has also developed the first open generative AI video model based on their image model. They emphasize community involvement and offer updates through a newsletter subscription.

Stability AI

Stability AI offers the Stable Diffusion model for images, audio, and language.

Stability AI Secures $101 Million Investment

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