Stability AI, a metaverse and digital media tools development company, has completed a $101 million seed round financing

2022-10-18 16:04:04

Collection

ChainCatcher news, according to Bloomberg, the metaverse and digital media tool development company Stability AI announced the completion of a $101 million seed round financing, led by Coatue Management and Lightspeed Venture Partners. According to an anonymous insider, this round of financing has valued Stability AI at $1 billion.

It is reported that Stability AI has built an AI tool called "Stable Diffusion" that can create digital art, which can be used to design applications in the metaverse and may also create PowerPoint presentations. Unlike its competitors, Stable Diffusion is an open-source software that can be used by the public, allowing users to build and design applications related to design, film, augmented reality, video games, advertising, and even e-commerce. (Bloomberg)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.