Overview
- Salesforce Ventures and AMP led the Series B, joined by new investors Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva Ventures and Figma Ventures, with prior backers including Andreessen Horowitz, Nvidia, Northzone, Creandum, Earlybird VC, BroadLight Capital and General Catalyst.
- CEO Robin Rombach said the company will direct the capital to research, additional computing capacity and new teams.
- Black Forest Labs builds the Flux family of image and video generation models and counts Adobe, Canva, Microsoft and Meta among its customers.
- Handelsblatt reported annual recurring revenue reached $96 million in 14 months with a reported $350 million order backlog.
- The roughly 50-person company recently released Flux 2, which Capital reports rivals Google’s latest image model and ranks among popular projects on Hugging Face.