Stability AI

Stability AI is a company specializing in artificial intelligence, renowned for its text-to-image model Stable Diffusion.

History and founding

Emad Mostaque founded Stability AI in 2019 and provided the initial funding for the company.

Stability AI gained recognition in August 2022 when it introduced its text-to-image model Stable Diffusion, making its source and weights accessible.

On March 23, 2024, Emad Mostaque resigned as CEO. The board of directors named COO Shan Shan Wong and CTO Christian Laforte as the interim co-CEOs of Stability AI.

Funding and investors

Stability AI's initial development received substantial backing from Mostaque's personal investments. A significant achievement in the company's financial journey was a funding round of $101 million, spearheaded by Coatue and Lightspeed Venture Partners, with the involvement of O’Shaughnessy Ventures LLC as well.

Product and application

Stability AI has significantly advanced generative AI, particularly with its groundbreaking Stable Diffusion model, revolutionizing the generation of images from textual descriptions. In addition to Stable Diffusion, Stability AI is actively involved in the development of models for Video, Audio, 3D, and text.