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Stability AI announces a corporate investment from WPP as part of a $80 million funding round, enhancing its AI-powered creative solutions.

Mar 05, 202510 months ago
LondonInformation Technology

Investors

Lightspeed Venture PartnersCoatue ManagementWpp

Description

WPP has made a financial investment in UK startup Stability AI, contributing to an extension of Stability AI's $80 million funding round. This partnership aims to leverage Stability AI's technology for creating innovative media content for WPP's clients.

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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers