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Stability AI

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Stability AI

Stability AI Ltd is a UK-based artificial intelligence company, best known for its text-to-image model Stable Diffusion.

Stability AI was founded in 2019 by Emad Mostaque and Cyrus Hodes.

In August 2022 Stability AI rose to prominence with the release of its source and weights available text-to-image model Stable Diffusion.

On March 23, 2024, Emad Mostaque stepped down from his position as CEO. The board of directors appointed COO, Shan Shan Wong, and CTO, Christian Laforte, as the interim co-CEOs of Stability AI.

On June 25, 2024, Prem Akkaraju, former CEO of visual effects company Weta Digital, was appointed CEO of the company.

A notable milestone in the company's funding history was a $101 million investment round led by Coatue and Lightspeed Venture Partners, with O’Shaughnessy Ventures LLC also participating.

On June 25, 2024, alongside announcing Prem Akkaraju as the new CEO, Stability AI also announced they had closed an initial round of investment from world-class investor groups such as Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, and O’Shaughnessy Ventures. Sean Parker, entrepreneur, philanthropist, and former President of Facebook, joined the Stability AI Board as Executive Chairman. On September 24, 2024, Stability AI announced that filmmaker, technology innovator, and visual effects pioneer James Cameron had joined its Board of Directors.

Stability AI has made contributions to the field of generative AI, most notably through Stable Diffusion. This AI model allows images to be generated from textual descriptions. Beyond Stable Diffusion, Stability AI also develops Video, Audio, 3D, and text models. Stability AI has partnered with Arm to optimize its text-to-audio model, Stable Audio Open, for mobile devices powered by Arm CPUs.

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