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Stability AI, the startup behind AI image generation model Stable Diffusion, has raised $76 million in Series B funding. The new haul brings the company\u2019s fundraising total to $232 million.<\/p>\n
The company announced<\/a> the round Tuesday, saying the new capital comes partly from a number of prominent entertainment industry organizations, including Universal Music Group, Sony Music Group, and Warner Music Group, and gaming giant Electronic Arts (EA). Two investment firms, AMD Ventures and Pacific Alliance Ventures, also took part.<\/p>\n It\u2019s an unusual roster and less a typical venture round than a lineup of the companies Stability now depends on for content licensing and distribution deals.<\/p>\n Stability AI CEO Prem Akkaraju, who joined the company in 2024, called the funding \u201can affirmation of our vision where generative AI empowers every producer, musician, and storyteller.\u201d Akkaraju joined the company in 2024.<\/p>\n The company says it plans to use the money from its latest funding round to continue building out its \u201ccreative production\u201d product suite while also expanding its professional services arm. Currently, Stability offers a variety of AI models that are designed for the purposes of AI music, video, and image generation.<\/p>\n Stability, founded in 2019, has spent the past year signing deals to weave generative AI into entertainment companies\u2019 creative workflows. It struck partnerships with Universal Music<\/a> and EA <\/a>last October and with Warner Music<\/a> last November, each giving those companies a hand in co-developing Stability\u2019s AI tools rather than just licensing the output..<\/p>\n Stability has also had a mostly winning stretch in court. The company largely prevailed in a copyright lawsuit<\/a> brought by Getty Images in the United Kingdom, which had accused the company of infringing upon IP rights by using the company\u2019s images in the training of its image generation model. A judge ruled largely in Stability\u2019s favor in that case, but a similar lawsuit from Getty in the U.S. is still working its way through the courts<\/a>.<\/p>\n Stability was also sued in 2023 by the company\u2019s co-founder, Cyrus Hodes, who claimed that he was tricked<\/a> by the other co-founder, Emad Mostaque, into selling his share in the company. <\/p>\n<\/div>\n When you purchase through links in our articles, we may earn a small commission<\/a>. This doesn\u2019t affect our editorial independence.<\/em><\/p>\n