Tech Company Financing Transactions
Stability AI Funding Round
On 10/17/2022, Stability AI landed $101 million in financing from Coatue Management, Lightspeed Venture Partners and O'Shaughnessy Asset Management.
Transaction Overview
Company Name
Announced On
10/17/2022
Transaction Type
Venture Equity
Amount
$101,000,000
Round
Undisclosed
Proceeds Purpose
Stability AI will use the funding to accelerate the development of open AI models for image, language, audio, video, 3D, and more, for consumer and enterprise use cases globally.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
88 Notting Hill 88 Notting Hill Gate
London England, W11 3HP
UK
London England, W11 3HP
UK
Phone
Undisclosed
Website
Email Address
Overview
Stability AI is building open AI tools that will let us reach our potential. We're a company of builders who care deeply about real-world implications and applications. Many of our most considerable advances grow from working across multiple teams. We are unafraid to go against established norms and explore creativity.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Emad Mostaque
Chief Technical Officer
Tom Mason
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Where The Data Comes From
We do our best to record every notable VC transaction. VC investment data records reported here are derived from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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