Stability AI, a well-known artificial intelligence startup famous for its widely utilized Stable Diffusion image generation software, has recently achieved critical funding, with Intel Corporation taking a prominent role in the investment. This financial support arrives at a pivotal moment for the company.
In an October funding round, Stability raised nearly $50 million through a convertible note, as revealed by unnamed insiders who opted for anonymity due to the sensitive nature of the information.
Stability AI, a generative AI startup, has attracted significant interest from both venture capital firms and strategic investors, resulting in multiple fundraising opportunities in recent months. In a recent social media post, Stability AI CEO Emad Mostaque hinted at strategic funding received in the previous month, with official announcements expected soon.
Stability AI has experienced significant turnover, including top executives, boardroom disagreements, and investor concerns about CEO Emad Mostaque's leadership style.
They secured their most recent funding through a Convertible Note round on May 1, 2023. Stability AI has garnered support from a total of seven investors, with Sound Ventures and Coatue being the latest additions to this list.
Despite hurdles, Stability AI advances in the AI field with a strong emphasis on research and development.
Photo: Bloomberg/Tech2
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