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

  • 📰 petapixel
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 527. in US

United States United States Latest News, United States United States Headlines