Stability AI was founded in 2020 by Emad Mostaque. According to a TechCrunch report in March 2023, founder Emad Mostaque “hinted at plans to go public in the next few years, during the Cerebral Valley AI Conference in San Francisco,” continuing, however, that as CEO he “doesn’t want to give away my arbitrage opportunities.”
Stability AI is the developer of Stable Diffusion, an open-source text-to-image generator that utilizes artists’ designs with artificial intelligence. Per Forge data, Stability AI raised $173.8 million in funding over 3 rounds. Their latest funding was raised on Nov 9, 2023. Key investors include Croatue, Lightspeed Venture Partners, O’Shaughnessy Asset Management, and Intel Corporation.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/25/2024 | Series 1 | $81.57MM | $xx.xx | $150.18MM | Coatue Management, Lightspeed Venture Partners, Eric Schmidt | |
Price per Share
$xx.xx
Shares Outstanding
3,129,899
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000.0
Key Investors
Coatue Management, Lightspeed Venture Partners, Eric Schmidt
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