Stability AI Secures Significant New Investment and Appoints Prem Akkaraju as CEO

This strategic investment is expected to accelerate the company's growth and improve its capacity to provide cutting-edge generative AI solutions to both the consumer and business sectors.
Stability AI, a leading generative AI business focused on image, language, code, and audio, has announced the successful completion of a first round of funding from a select group of world-class investors. This strategic investment is expected to accelerate the company's growth and improve its capacity to provide cutting-edge generative AI solutions to both the consumer and business sectors. Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, O'Shaughnessy Ventures, and famous tech leaders such as Sean Parker, Prem Akkaraju, Eric Schmidt, and Robert Nelsen are among t
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Picture of Anshika Mathews
Anshika Mathews
Anshika is the Senior Content Strategist for AIM Research. She holds a keen interest in technology and related policy-making and its impact on society. She can be reached at anshika.mathews@aimresearch.co
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