Will's Blog: German AI startup Black Forest Labs, which develops the open-source Flux image models, raised $300M at a $3.25B valuation, up from $1B in September 2024 (Financial Times)

1 December 2025

German AI startup Black Forest Labs, which develops the open-source Flux image models, raised $300M at a $3.25B valuation, up from $1B in September 2024 (Financial Times)

Financial Times:
German AI startup Black Forest Labs, which develops the open-source Flux image models, raised $300M at a $3.25B valuation, up from $1B in September 2024 — Low-profile group has quickly emerged as a top developer of image generation technology — German start-up Black Forest Labs …

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