Universal, Sony, Warner Join $76M Funding Round in Stability AI
The Series B round adds licensed access to music and gaming catalogs as Stability AI seeks to build new models and lift total funding to $232 million.
- On Tuesday, Stability AI announced a $76 million Series B funding round backed by Universal Music Group, Sony Music Group, Warner Music Group, and Electronic Arts.
- The new capital brings total funding to $232 million under CEO Prem Akkaraju since 2024, supporting development of the company's "creative production" product suite.
- Stability AI emphasizes "responsibly trained" models using licensed training data, building on previous partnerships with Universal and Warner to co-develop generative AI tools.
- Coatue Co-Founder Thomas Laffont joined the Board of Directors, joining Executive Chairman Sean Parker, Board Member James Cameron, and CEO Akkaraju.
- Following the launch of Stable Audio 3.0, the company continues focusing on open-weight music models while facing ongoing copyright litigation but aiming to prove licensed platforms offer superior experiences.
17 Articles
17 Articles
Universal, Warner and Sony just bought into an AI model
The world’s three largest record companies have bought equity in a generative AI company. Universal Music Group, Warner Music Group and Sony Music Group are all new investors in Stability AI’s $76mn Series B. The company announced the round on Tuesday. The games publisher Electronic Arts joined it, alongside AMD Ventures and Pacific Alliance Ventures. […] This story continues at The Next Web
Universal, Sony, Warner join $76M funding round in Stability AI
The three major music companies have all just banked equity in Stability AI – by joining a USD $76 million Series B investment into the gen-AI company. Universal Music Group, Sony Music Group, and Warner Music Group join a Series B investor coalition that also includes gaming giant Electronic Arts, plus investment firms AMD Ventures … Continued Source
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