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The former Stability team's new project has raised 300 million USD, and the AI image generation technology behind Musk's Grok.
[Coin World] The former Stability AI team has started their own venture, Black Forest Labs, and they have just secured a large check—$300 million directly in Series B funding, with a valuation skyrocketing to $3.25 billion. This round of funding was primarily led by Salesforce Ventures and Anjney Midha, with familiar faces like a16z and NVIDIA also participating.
Their flagship Flux 2 image generation model is currently gaining a lot of attention, especially since it provides technical support for Musk's Grok, which has made many people remember this name. Now giants in design tools like Adobe and Canva are using their technology, and it seems they have firmly established themselves in the AI-generated image sector. The funding is being used to continue investing in R&D, and the next generation model is likely to reach new heights.