Stability AI raises $80 million in funding with new CEO and board
06/25/24, 5:16 PM
Location
londonMoney raised
$80 million
Industry
information technology
Investors
Eric Schmidt, Lightspeed Venture Partners, Coatue Management
Stability AI has raised about $80 million in funding, and appointed industry veteran Prem Akkaraju as its top boss. The company's generative AI tools compete with those made by Google and OpenAI, and it has also released AI models to generate audio and video using text prompts.
Company Info
Location
88 notting hill gate
london, england, united kingdom
Additional Info
Stability AI is the world's leading open source generative artificial intelligence company, collaborating with public and private sector partners to bring next generation infrastructure to a global audience. Headquartered in London with developers across the globe, Stability AI's open source ethos provides the definitive path for cutting-edge research in imaging, language, code, audio, video, 3D content, design, biotech and other scientific studies.