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Industries
AI & Machine Learning
Company Size
51-200
Company Stage
Seed
Total Funding
$224.7M
Headquarters
London, United Kingdom
Founded
2019
Stability AI focuses on generative artificial intelligence, providing advanced AI models that are accessible to a wide range of users, from individual developers to large corporations. Their main product, Stable Diffusion XL, is an open-source AI model that allows users to create innovative applications by downloading, modifying, and using the model freely. This open-source approach encourages collaboration and speeds up innovation in the AI field. In addition to Stable Diffusion XL, Stability AI offers various other models for generating music, language processing, and video content, all of which are also open-source. They provide a membership program that offers additional features like self-hosting, giving clients more control over their AI applications. Stability AI operates on a freemium model, allowing users to access their AI models for free while generating revenue through their membership program, catering to both individual developers and larger corporations.
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Total Funding
$224.7M
Above
Industry Average
Funded Over
3 Rounds
Stock Options
LOS ANGELES, Feb. 12, 2025 /PRNewswire/ -- The Academy Software Foundation is pleased to welcome two new member companies: Raynault VFX and Stability AI. Joining the Foundation as General Members, Raynault VFX and Stability AI will each play an important role in continued open source development across new areas in visual effects and generative AI.David Morin, Executive Director of the Academy Software Foundation, shared: "As our open source community continues to grow, we are grateful for our member companies who provide operational support and guidance. As new members, Raynault VFX and Stability AI bring with them the artistic talent and the technical know-how that will help strengthen open source development in the motion picture industry. We are thrilled that Raynault VFX and Stability AI are joining the Foundation!"Founded in 2011, Raynault VFX is a premiere visual effects studio located in Montreal, Canada, known for its work across feature films and television shows including Deadpool & Wolverine, The Mandalorian, Dune: Prophecy, and Thor: Love and Thunder. The studio strongly believes in the values of collaboration and inclusivity that define open source
Stability AI has also been recognized as one of Fortune's 50 AI Innovators and as one of Time's Most Influential Companies.
OpenAI’s ChatGPT is becoming the little engine that could. Its latest capability: Letting users schedule tasks for a later, or recurring, date. Scheduled tasks is rolling out in beta for users of ChatGPT Plus, Pro and Teams. Enterprise users will get access soon; free users will also eventually get it. OpenAI did not give out specific dates. With tasks, you can tell ChatGPT to do things like summarize the week’s top national news at 5 p.m
The year 2023 will be remembered as the year of recognizing the potential of Artificial Intelligence. As a result, investor interest in the sector surged, and lawmakers also focused on regulatory controls. In the same year, the European AI companies raised €2.1 billion over 141 deals.The trend of investing in AI companies continued in 2024. As stated in the Tech.eu report “European Tech 2024: The big picture” European AI companies raised nearly €3 billion through 137 deals, which is about 35% more than the year before.French companies took the top spot in terms of countries, securing over €1.3 billion across 14 deals (almost half of all AI investments in Europe in 2024). German companies followed in second place with €910.3 million raised over 23 deals, while the UK ranked third with €318.1 million raised over 33 deals.The sector will likely see further innovations and a broader range of AI-driven solutions as regulatory frameworks evolve, fueling even more investments and deals in the coming year.Here are the 10 biggest deals in European AI companies in 2024.10. Gcore (Luxembourg)Amount raised in 2024: $60MGcore is a global provider of cloud, edge, and AI solutions, offering a comprehensive suite of services designed to accelerate AI training, enhance content delivery, and protect servers and applications.With a network spanning over 180 points of presence worldwide, Gcore delivers high-performance infrastructure tailored to meet the diverse needs of businesses across various industries.By leveraging Gcore's solutions, businesses can achieve enhanced scalability, security, and performance, driving growth and success in the digital era.In 2024, the company raised $60 million, which will be strategically invested in enhancing Gcore's technology and platform, including the development of AI servers powered by NVIDIA GPUs, to fuel AI-driven innovations.9
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Enterprise creatives often need to re-edit the same images repeatedly to keep their websites and social media fresh. With the advent of AI-powered image or video editing platforms, organizations will turn to these products to reduce these tedious tasks. Adobe announced Adobe Firefly Bulk Create, a new product connected to its Adobe Firefly Services API suite that streamlines the process. Bulk Create is a web app that allows users to edit several photos with AI in one go. Right now, Bulk Create can do two things: change backgrounds and resize images. Using Adobe’s Firefly model, users can remove or replace the backgrounds of the photos they upload all at once
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Industries
AI & Machine Learning
Company Size
51-200
Company Stage
Seed
Total Funding
$224.7M
Headquarters
London, United Kingdom
Founded
2019
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