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 the major institutions that make up the investing consortium.
Prem Akkaraju, an investor and experienced leader in media, entertainment, and technology, has been named the new CEO of Stability AI. A
Stability AI Secures Significant New Investment and Appoints Prem Akkaraju as CEO
- By Anshika Mathews
- Published on
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.
