Stability AI Secures Significant New Investment from World-Class Investor Group and Appoints Prem Akkaraju as CEO [Yahoo! Finance]
Unity Software Inc. (U)
Company Research
Source: Yahoo! Finance
Investors to include Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, Sean Parker Eric Schmidt and Prem Akkaraju LOS ANGELES June 25, 2024 /PRNewswire/ -- Stability AI , a leading imaging, language, code and audio generative AI company, today announced it has closed an initial round of investment from a world-class investor group. Additionally, Prem Akkaraju , an investor and highly experienced media, entertainment and technology executive, has been appointed CEO. This infusion of capital and leadership will be instrumental in accelerating Stability AI's growth and ability to deliver best-in-class generative AI products into the market for consumer and enterprise use. The investor group includes top-tier institutions, namely: Greycroft, Coatue Management, Sound Ventures, Lightspeed Venture Partners, O'Shaughnessy Ventures, and renowned operators and tech executives, including Sean Parker Prem Akkaraju Eric Schmidt and Robert Nelsen Prem Akkaraju , form
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U
Earnings
- 5/9/24 - Miss
U
Sec Filings
- 6/24/24 - Form 144
- 6/24/24 - Form 4
- 6/20/24 - Form 8-K
- U's page on the SEC website