Stable Diffusion Creator Stability AI Raises $101M

Stability AI, parent company of digital art tool Stable Diffusion, has announced a $101 million seed funding round. The funding round was led by Coatue, Lightspeed Venture Partners, and O’Shaughnessy Ventures LLC. Bloomberg reports the company has reached a $1 billion valuation. According to a release, Stability AI will use the funding to accelerate the Read more…

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