Stability AI, maker of image generator Stable Diffusion, raises $76 million in fresh funding

Stability AI, the startup behind AI image generation model Stable Diffusion, has raised $76 million in Series B funding. The new haul brings the company’s fundraising total to $232 million. The company announced the round Tuesday, saying the new capital comes partly from a number of prominent entertainment industry organizations, including Universal Music Group, Sony Music Group, and Warner Music Group, and gaming giant Electronic Arts (EA). Two investment firms, AMD Ventures and Pacific Alliance Ventures, also took part.