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.
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Stability AI is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.