News

February 9, 2024

Stability AI’s Intel fundraise came with hefty hardware purchase commitments, sources say

Stability AI was reported to have raised nearly $50m from Intel in late 2023, but the round came with significant strings attached


Tim Smith

3 min read

Emad Mostaque, CEO of Stability AI

London-based startup Stability AI has raised less direct funding than has previously been reported, as a “majority” of its last funding round came in the form of a “compute for equity” style deal, Sifted has learned.

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Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

Deeptech & AI

Deeptech & AI

Mon

The people, companies and trends shaping European AI and deeptech.