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Stability AI Raises Seed Round at $1 Billion Value

Stability AI

Stability AI

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The parent company of Stable Diffusion, an artificial intelligence tool that makes digital art, has reached unicorn status after raising funds from some top names in venture capital.

Stability AI Ltd. raised $101 million in a seed round led by Coatue Management and Lightspeed Venture Partners, according to a statement reviewed by Bloomberg News.