3 years ago

Stability AI Secures $101 Million to Expand Open-Source AI Development

  • Stability AI, a London-based open-source AI company, raised $101 million in funding led by Coatue, Lightspeed Venture Partners, and O’Shaughnessy Ventures

  • The company will use the funds to accelerate the development of open AI models for image, language, audio, video, 3D, and more for consumer and enterprise use cases

  • Stability AI is known for Stable Diffusion, a free and open-source text-to-image generator, and DreamStudio, an open-sourced image generation model with over a million registered users.

      • ProblemTechnology

      "Creating high quality images from text is time consuming and requires a lot of skill, making it difficult for most people to create stunning visuals."

      Solution

      "Stability AI has developed an open source text-to-image AI model called Stable Diffusion that allows anyone to generate images from text prompts. They also have a consumer product called DreamStudio that makes it easy for anyone to create stunning images."

      Covered on