Stability AI has completed a $76 million Series B funding round, bringing the total amount raised to $232 million.

Dynamic Beat AI News, AI Image Generation Model Stable Diffusion developer Stability AI has completed a $76 million Series B financing round, bringing the total funding to $232 million. Investors include Universal Music Group, Sony Music Group, Warner Music Group, Electronic Arts (EA), as well as AMD Ventures, Pacific Alliance Ventures, and others.

Founded in 2019, Stability has spent the past year collaborating intensively with entertainment companies to integrate generative AI into their creative process. In October of last year, they partnered with Universal Music and EA, followed by a collaboration with Warner Music in November, both focusing on co-development.