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Stable Diffusion Developer Raises $50M, Values the Company at $500M

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The company behind Stable Diffusion, one of the biggest names in AI-generated art, has raised an additional $50M, putting the company's valuation at half a billion dollars.

sources, annual revenue is around $1 million indicating that investors are enthusiastic about the AI generative space.

In a Series B round of funding last year, the company raised $46 million when it was valued at $200 million. Valenzuela tellsthat he will use the money to bolster research efforts, accelerate its product roadmap, and make new hires.

 

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