Emad Mostaque, the founder and CEO of Stability AI, suggested that the company may go public in the next few years while dismissing the possibility that it would ever be acquired.
The 17-month-old startup intends to validate its business model next
year, which would give it a clear indication of its revenue, margins,
and distributions. Mostaque added that Stability would need to get these
metrics right before exploring an IPO.
- Per reports from earlier last month, the firm is reportedly in talks with investors to raise additional funding at a $4B valuation.
- The valuation sought is four times higher than its $1B post-money valuation from its $101M seed funding round in October 2022.
- Coatue Management, Lightspeed Venture Partners, and O'Shaughnessy Ventures led the funding round.
- Earlier last month, Stability AI acquired Init ML for an undisclosed sum.
