Black Forest Labs, a German AI image-generating startup, says it has raised $300 million at a $3.25 billion valuation, marking one of the largest investments in a Europe-based AI startup this year. Its funding comes as investment in the continent's AI sector overall, while still lagging far behind the U.S., has risen this year. New backers Salesforce Ventures 1 and Anjney Midha (AMP) co-led the financing, which included participation from a slew of other investors, including Andreessen Horowitz, Nvidia, Temasek Holdings, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva and Figma Ventures. Founded in 2024, Black Forest has raised a total of $450 million in funding, per Crunchbase data. Its headquarters are in Freiburg, Germany, but it also has a lab in San Francisco. The company is known for its Flux foundation models of AI generation. It touts that its open models are 'the most popular image models' on Hugging Face, and that companies such as Adobe, Canva, Meta and...
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