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Black Forest Labs

AI media · Freiburg, Germany and San Francisco · Private

Black Forest Labs develops frontier image and video generation models, sold through an API and licensed to major software companies.

$3.25BLatest valuationDecember 2025 Series B post-money
$300MLatest fundingSeries B, led by Salesforce Ventures and AMP
FLUXModel familyUsed by Adobe, Canva, Meta, Microsoft
PrivatePublic statusNo confirmed IPO

The Company

Black Forest Labs was founded in 2024 by researchers behind Stable Diffusion. Its FLUX models generate and edit images and video and are licensed to companies including Adobe, Canva, Meta and Microsoft, as well as offered through platforms such as fal and Replicate.

In December 2025 the company raised a $300 million Series B led by Salesforce Ventures and Anjney Midha at a $3.25 billion post-money valuation, with a16z, Nvidia, General Catalyst and Temasek participating.

Why It Matters

Black Forest Labs is Europe's leading generative-image company and a read-through for whether independent model makers can win by licensing to large software platforms.

Valuation History

  1. $3.25B→Dec 2025$300M Series B

What Changed

  1. Black Forest Labs is founded by former Stable Diffusion researchers.

  2. A $300M Series B values it at $3.25B.

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