"German AI lab Black Forest Labs said on Monday that it has raised $300 million in a Series B funding round that values the company at $3.25 billion. The round was co-led by Salesforce Ventures and Anjney Midha (AMP), and saw participation from a16z, NVIDIA, Northzone, Creandum, Earlybird VC, BroadLight Capital, General Catalyst, Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva, and Figma Ventures."
"Black Forest Labs, which makes foundation AI models for generating and editing images, has risen to fame quickly 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 generate images, and its models are being used by a slew of 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 better text and image rendering, and uses up to 10 images as a reference to maintain the style and tone while generating 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 formerly researchers who helped create Stability AI's Stable Diffusion models."
Black Forest Labs raised $300 million in a Series B at a $3.25 billion valuation. Salesforce Ventures and Anjney Midha co-led the round, with participation from a16z, NVIDIA, Northzone, Creandum, Earlybird VC, BroadLight Capital, General Catalyst, Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva, and Figma Ventures. The funds will be used for research and development. Black Forest Labs builds foundation AI models for generating and editing images and launched in August 2024. Its models are used by companies including Adobe, fal.ai, Picsart, ElevenLabs, VSCO, and Vercel and were used by Elon Musk's Grok chatbot. Flux 2 improves text and image rendering, accepts up to ten reference images to preserve style and tone, and can output images up to 4K resolution. The co-founders previously helped create Stable Diffusion.
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