Black Forest Labs, the company behind X’s Grok image generation, is reportedly raising $100 million at a $1 billion valuation.
Founded by the engineers who built Stability AI’s technology, the startup emerged from stealth just two months ago with $31 million in funding.
Their Flux.1 text-to-image model powers Elon Musk’s X.ai Grok chatbot, which has gained attention for its bold results.
Investors are drawn to the founding team’s expertise in image diffusion models. While details remain scarce, VC firm Lightspeed may be involved in this new round.
Black Forest Labs is also developing a text-to-video tool “SOTA“, aiming to further innovate in AI-powered content creation.
As they secure this significant funding, all eyes are on the German startup to see if they can deliver on their promise and avoid the pitfalls faced by other well-funded AI companies in this rapidly evolving field.