Stability
AI, the firm behind the generative AI platform Stable Diffusion, is
hoping to raise an undisclosed funding round at over $4B valuation, per Bloomberg.
Stability AI's fundraising is still in the early stages, with the firm yet to start discussions with potential investors.
- British news outlet The Times claims that the valuation could top out at $5B.
- The British startup last raised a $101M seed funding round led by Coatue Management, Lightspeed Ventures Partners, and O'Shaughnessy Ventures in October 2022.
- The company was valued at $1B in the seed round.
- Stability AI's platform, Stable Diffusion, rivals Open AI's Dall-E 2 generative AI platform.
- Microsoft committed to investing $10B into Open AI in January 2023.
