Stability AI completes $76 million Series B funding round, bringing its total raised to $232 million.
43 minutes ago
Beating AI Express: Stability AI, the developer of AI image generation model Stable Diffusion, has closed a $76 million Series B funding round, bringing its total financing to $232 million. Investors include Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts (EA), AMD Ventures, Pacific Alliance Ventures, and others. Founded in 2019, Stability has signed multiple deals with entertainment companies over the past year, integrating generative AI into their creative workflows. It partnered with Universal Music and EA in October last year, and collaborated with Warner Music Group in November, with all partnerships adopting a co-development model.
A crypto whale offloaded HYPE worth $24.4 million, reaping over $5.3 million in profit.
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A newly created address purchased 289,800 HYPE, equivalent to around $2.38 million.
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