Stability AI has announced a series B funding round of $76 million in new capital.
It brings total funding to $232m, inclusive of two equity rounds and convertible notes, under CEO Prem Akkaraju since his appointment in June 2024.
Stability AI develops purpose-built AI products for professional creatives across music, gaming and entertainment.
“The capital will fuel the development of its product suite for creative production, deepen its applied research discipline, and expand its professional services arm,” said a statement.
The funding round includes a new group of investors across entertainment and technology, including Sony Music Group, Universal Music Group and Warner Music Group. It is believed to be the first AI company to secure direct equity investment from all three major music labels in a funding round.
The round also included Electronic Arts, and investment firms AMD Ventures and Pacific Alliance Ventures.
This unmatched group of investors is an affirmation of our vision where generative AI empowers every producer, musician, and storyteller
Prem Akkaraju
They join Stability A backers including Coatue, Greycroft, Kadmos Capital, Lightspeed Venture Partners, Mantis Capital, Sound Ventures and WPP, alongside individual investors Sean Parker, Eric Schmidt, James Cameron, Kevin Mayer, Mark Burnett, Patrick Whitesell, Prem Akkaraju and Robert Nelsen.
Coatue, Greycroft, Kadmos Capital, Sean Parker, and Eric Schmidt are also participating in the Series B, investing for a second consecutive round.
“This unmatched group of investors is an affirmation of our vision where generative AI empowers every producer, musician, and storyteller,” said Prem Akkaraju, CEO of Stability AI. “Stability is unique in the AI field because we are creative people making tools for creatives. Developing industry-defining technology means assembling a team of industry-defining titans, and that’s what we have done here.”
Akkaraju added: “Our investors set us up for long-term success because they provide not only capital, but expertise, credibility, and direct connection to artists.”
The announcement follows the launch of Stable Audio 3.0, a family of music models trained on fully licensed data. Artists can add Stable Audio 3.0 into their workflow through a new DAW (Digital Audio Workstation) plugin or directly on the Stable Audio platform.
FOLLOW 
