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Stability AI has raised $180.0M across 2 funding rounds.
Key people at Stability AI.
Stability AI has raised $180.0M in total across 2 funding rounds.
Stability AI develops multimodal generative AI models for media creation and editing. Its technology includes capabilities for image generation, video, audio, and text, notably Stable Diffusion. These models and associated platforms empower professionals and enterprises to produce high-quality visual and audio content efficiently.
Founded in 2019 by Emad Mostaque and Cyrus Hodes, Stability AI emerged from a conviction that open-source generative AI could profoundly broaden creative possibilities. This vision materialized with the public release of Stable Diffusion, making powerful AI image synthesis accessible to a global community.
Stability AI targets creative professionals and businesses in marketing, gaming, and entertainment, providing enterprise solutions to streamline content production. Its vision is to amplify human potential through adaptable AI, enabling users to push creative boundaries and achieve artistic and commercial goals.
Stability AI has raised $180.0M across 2 funding rounds. Most recently, it raised $80.0M Series U in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $80M Series U | — | Accel, Aperiamventures, ARCH Venture Partners, Band OF Angels, DST Global, Greycroft, Innovation Endeavors, Kima Ventures, LA Famiglia, Lightspeed Venture Partners, Menlo Ventures, Motier Ventures, Colin Bryant, NEW Enterprise Associates, O'Shaughnessy Ventures, Sound Ventures, Summit Partners, Super{set}, Visionaries Club, Bernard Arnault, MEI Z. | Announced |
| Oct 1, 2022 | $100M Seed | — | Founder Collective, Greenoaks Capital, Lightspeed Venture Partners, Vertex Ventures, Michael Stoppelman, Preetha Parthasarathy, SAM Lambert | Announced |
Stability AI has raised $180.0M in total across 2 funding rounds.
Stability AI's investors include Accel, AperiamVentures, ARCH Venture Partners, Band of Angels, DST Global, Greycroft, Innovation Endeavors, Kima Ventures, La Famiglia, Lightspeed Venture Partners, Menlo Ventures, Motier Ventures.
Stability AI is a London-based AI research and deployment company specializing in open-source generative AI models, most notably Stable Diffusion, a text-to-image generator that has generated over 12 billion images and holds an 80% share of AI-generated imagery online.[1][4] It serves developers, creators, enterprises, and consumers by providing accessible tools for image, video, audio, code, language, and 3D content generation, solving the problem of high-cost, proprietary AI by democratizing advanced generative capabilities through open-source models, APIs like DreamStudio, custom enterprise solutions, and consulting services.[1][3][5] Revenue has shown volatile but rapid growth—from $1.5 million in 2022 to $8 million in 2023 and $50 million in 2024—fueled by API access, enterprise customizations, and partnerships, with over 300,000 community members and 10 million+ daily users across channels; however, it faced early 2024 challenges with under $5 million quarterly revenue and $30 million+ losses before stabilizing via new funding and leadership.[1][2][3][5]
Founded in 2019 (with some sources noting 2017 incorporation or 2020 bootstrapping) by CEO Emad Mostaque, an Oxford mathematics and computer science graduate who transitioned from hedge fund analysis to AI advocacy, Stability AI emerged from Mostaque's vision to organize the fragmented open-source AI community and counter proprietary dominance.[3][5][6] The pivotal moment came with Stable Diffusion's 2022 release, sparking massive traction with 1.5 million DreamStudio users generating 170 million images shortly after launch, alongside a $101 million funding round valuing the company at $1 billion.[5] Early growth included hires from Google Brain and expansions into audio (Dance Diffusion), leading to $225 million total funding by 2025 from investors like Coatue and Lightspeed, though 2024 brought financial strain prompting leadership changes.[1][2][5]
Stability AI rides the generative AI boom, capitalizing on exploding demand for creative tools in entertainment, graphic design, social media, and enterprise, where its open-source strategy accelerates adoption and innovation versus closed models from Big Tech.[1][2][4] Timing aligns with post-2022 AI hype, enabling market dominance (e.g., 80% imagery share) and a $1.5 billion serviceable obtainable market through developer communities and B2C/freelance segments.[1][5] Favorable forces include falling compute costs via AWS partnerships and regulatory pushes for open AI, while it influences the ecosystem by powering startups, reducing barriers for non-experts, and sparking ethical debates on training data.[3][4][5]
With new CEO Prem Akkaraju and Executive Chairman Sean Parker leading post-2024 restructuring, backed by $80 million fresh funding, Stability AI is pivoting to sustainable membership/API models, enterprise expansions, and multimodal advancements amid a $50 million 2024 revenue base.[2] Trends like multimodal AI integration, ethical regulations, and enterprise AI adoption will shape its path, potentially evolving its influence from open-source pioneer to comprehensive infrastructure provider if it sustains 120% enterprise growth and community momentum.[1][2][4] This positions Stability AI to capture generative AI's next wave, transforming from a Stable Diffusion breakout to a democratized AI powerhouse.
Key people at Stability AI.
