Stability AI, the company behind the image generator Stable Diffusion, has raised $76 million in a new round of funding, bringing its total fundraising to $232 million. The company did not state a specific reason for the funding in the provided source.
Stability AI is known for developing Stable Diffusion, an open-source text-to-image model that has gained significant traction in the artificial intelligence and creative communities. The company’s technology allows users to generate detailed images from text prompts.
The new funding round increases Stability AI’s total funding to $232 million, according to the source. The company has not publicly stated how it intends to use the new capital.
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