Stability AI pivots to music with $76M from top labels

Stability AI is rebuilding itself around music after raising $76 million from the world’s three biggest record labels, TechCrunch reported on October 2. Universal Music Group, Sony Music Group and Warner Music Group all joined the round.
The labels also licensed their catalogues to the company for training as part of the deal, reversing their earlier litigation stance against AI firms. The move pairs funding with lawful access to training data in one agreement.
Stability has since released three new audio models and AI music-editing software. The tools can generate full instrumental tracks or short snippets from text prompts. An upcoming update will let users hum a melody or beatbox a drum pattern to steer the output.
The pivot is led by Sean Parker, the Napster co-founder who joined an $80 million rescue of the company two years ago, and CEO Prem Akkaraju. Parker told The Information he is “playing by the rules” this time.
The company was once known for the Stable Diffusion image generator. It now aims to become the go-to AI toolmaker for music professionals.
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