Stability AI has raised $76 million in a funding round backed by Universal Music Group, Warner Music Group, Sony Music Group, Electronic Arts, and AMD Ventures, among others. The round marks the first time all three major record labels have taken direct equity stakes in the same AI company, following prior content-licensing deals Stability struck separately with UMG, WMG, and Electronic Arts. The funding, announced August 25, brings Stability AI’s total capital raised under CEO Prem Akkaraju to $232 million.
