The Entertainment Industry’s Biggest Names Back Stability AI in Latest Funding Round

Stability AI raised $76M in Series B funding, with new investors including Electronic Arts, Sony Music Group, Universal Music Group, Warner Music Group, AMD Ventures, and Pacific Alliance Ventures.

That brings funding under CEO Prem Akkaraju to $232M, including two equity rounds and convertible notes, since his appointment in June 2024. Stability AI says the capital will support its creative production products, applied research, and professional services.