Stability AI, maker of image generator Stable Diffusion, raises $76 million in fresh funding
Stability AI, the developer behind the open generative image model Stable Diffusion, has secured $76 million in a new funding round according to TechCrunch. The capital injection raises the company's total reported funding to $232 million. The transaction provides additional runway as the startup navigates high compute infrastructure costs and intense commercial competition within the multimodal and generative media sector.