Electronic Arts and three major music groups back Stability AI's US$76 million funding round
Stability AI announced on August 25 a US$76 million Series B, bringing funding under its current leadership to US$232 million. Investors include Electronic Arts, Sony Music Group, Universal Music Group, Warner Music Group, AMD Ventures and Pacific Alliance Ventures; the company says it will expand production tools, applied research and professional services. Valuation and individual investment amounts were not disclosed.
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