German AI Lab Black Forest Labs on Monday said it has raised $300 million in a Series B funding round, valuing the company at $3.25 billion.
The round was co-led by Salesforce Ventures and Anjani Midha (AMP), and saw participation from a16z, NVIDIA, Northzone, Crendum, Earlybird VC, Broadlight Capital, General Catalyst, Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva and Figma Ventures.
The startup said it will use the funds for research and development.
Black Forest Labs, which makes Foundations of AI models for creating and editing imagesHas gained rapid fame since its launch in August 2024. the company was in the news last year After it was revealed that Elon Musk’s Grok chatbot was using the German company’s models to create images, and its models are being used by many companies like Adobe, fal.ai, Picsart, ElevenLabs, VSCO, and Vercel.
The startup recently revealed the latest version of its image-generation model, Flux 2, which it says features improved text and image rendering, and uses up to 10 images as reference to maintain style and tone when creating images. The model can generate images at resolutions up to 4K pixels.
Black Forest Labs’ co-founders, Robin Rombach, Patrick Esser, and Andreas Blattmann, were former researchers who helped create the Stable Diffusion Model of Stability AI.
