logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Stability Ai Acquires Init Ml, Makers Of Clipdrop Application

Mar 07, 2023•almost 3 years ago

Acquiring Company

Stability AI

Acquired Company

ClipDrop

LondonParisInformation TechnologyInformation Technology

Description

Stability AI, the world's leading open source generative AI company, announces that it has acquired Init ML, makers of the globally popular imaging tool Clipdrop.

Company Information

Company

Stability AI

Location

88 NOTTING HILL GATE

London, England, United Kingdom

About

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.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed