Stability Ai Announces $101 Million In Funding For Open-Source Artificial Intelligence

Oct 17, 2022•about 3 years ago

Amount Raised

$101 Million

LondonInformation Technology

Description

Stability AI , the world's first community-driven, open-source artificial intelligence (AI) company today announced USD $101 million in funding. The oversubscribed round was led by Coatue, Lightspeed Venture Partners, and O'Shaughnessy Ventures LLC. Stability AI will use the funding to accelerate the development of open AI models for image, language, audio, video, 3D, and more, for consumer and enterprise use cases globally.

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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Stability Ai Announces $101 Million In Funding For Open-Source Artificial Intelligence

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