Series B · AI
Stability AI raises $76m Series B with music and gaming investors
Electronic Arts and three major music groups join the company’s investor base.
The financing brings strategic industry participants into Stability AI’s ownership alongside financial investors. Universal Music Group, Sony Music Group, Warner Music Group and Electronic Arts are joined by AMD Ventures and Pacific Alliance Ventures.
Coatue, Greycroft, Kadmos Capital, Sean Parker and Eric Schmidt invest again. Coatue’s Thomas Laffont joins the board as Stability AI builds its business around creative-production workflows.
Use of funds
Develop creative-production products and deepen applied research.
Expand professional services for creative workflows.
Funding history
Series B · This round$76M
Recapitalisation investment~$80M