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Stability AI Secures $76 Million Series B, Backed by Major Entertainment Labels
Key Points
- Stability AI raised $76 million in a Series B round, bringing total funding to $232 million.
- Investors include Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts, AMD Ventures and Pacific Alliance Ventures.
- CEO Prem Akkaraju called the financing an affirmation of the company’s creative‑AI vision.
- Funds will support expansion of the company’s creative‑production tools and professional services.
- Stability offers AI models for image, music, video and text generation.
- Recent partnerships embed Stability’s technology into the workflows of Universal Music, Warner Music and Electronic Arts.
- The firm won a UK copyright lawsuit against Getty Images; a US case remains unresolved.
- A 2023 lawsuit from co‑founder Cyrus Hodes alleges he was tricked into selling his shares.