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.
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9 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
Stability AI Raises $76 Million in Funding Round Backed by Universal Music Group, Warner Music Group, Sony Music and Electronic Arts
Stability AI, the AI startup backed by the likes of James Cameron and Sean Parker, has raised $76 million in a Series B funding round from a roster of investors including some of the entertainment industry’s top record labels and gaming companies. The company’s newest investors include the top three record labels, Universal Music Group, Warner Music Group and Sony Music Entertainment; the gaming company Electronic Arts; and the investment firms…
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