Stability AI has raised $76 million in a Series B round.
New investors include major music and gaming companies.
The funds will boost creative AI product development and professional services.
What happened
Stability AI announced a $76 million Series B funding round. The round includes new investors Electronic Arts, Sony Music Group, Universal Music Group, Warner Music Group, AMD Ventures, and Pacific Alliance Ventures.
Why it matters
This brings total funding since CEO Prem Akkaraju took office in June 2024 to $232 million, across two equity rounds and convertible debt. The company also launched Stable Audio 3.0, open-weights music models trained on fully licensed data, available via a new DAW plugin or StableAudio.com.
What to watch
The funds will support creative product development, applied research, and professional services expansion. Thomas Laffont, co-founder of Coatue, joins the board, which includes James Cameron, Sean Parker, Dana Settle, and Prem Akkaraju.
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Stability AI's latest funding round brings in strategic investors from the music and gaming industries, alongside established backers like Coatue and Greycroft. This follows the appointment of Prem Akkaraju as CEO in June 2024, after which the company has raised a total of $232 million across two equity rounds and convertible debt. The participation of Sony Music Group, Universal Music Group, and Warner Music Group suggests a focus on licensed content and professional creative tools, aligning with the launch of Stable Audio 3.0, which uses only fully licensed data. This move could help the company build trust with rightsholders while expanding its professional services. Thomas Laffont's addition to the board, joining figures like James Cameron and Sean Parker, may signal a continued emphasis on entertainment and media applications. The company plans to use the funds to develop creative production products, strengthen applied research, and grow its professional services division.
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