Black Forest Labs, the company that powers Grok's image generation, is raising another $100M on a $1B valuation, say sources | TechCrunch
Briefly

from TechCrunch5 months ago
Black Forest Labs, co-founded by engineers behind Stability AI, is nearing a $100 million funding round, fueling interest due to its innovative generative AI image models.
TechCrunchhttps://techcrunch.com/2024/09/20/black-forest-labs-the-company-that-powers-groks-image-generation-is-raising-another-100m-on-a-1b-valuation-say-sources/
"Robin Rombach is known to be an absolute expert at image diffusion models and when you have someone that smart and proven in a brand new space, it makes it obvious one should invest if given the chance," explains an investor.
TechCrunchhttps://techcrunch.com/2024/09/20/black-forest-labs-the-company-that-powers-groks-image-generation-is-raising-another-100m-on-a-1b-valuation-say-sources/
Elon Musk's X.ai is utilizing Black Forest's technology to enhance its Grok chatbot's image generation capabilities, showcasing the startup's significant industry impact.
TechCrunchhttps://techcrunch.com/2024/09/20/black-forest-labs-the-company-that-powers-groks-image-generation-is-raising-another-100m-on-a-1b-valuation-say-sources/
Investors are keen on Black Forest Labs largely because of its founding team's impressive background and their previous success with Stability AI, demonstrating credibility.
TechCrunchhttps://techcrunch.com/2024/09/20/black-forest-labs-the-company-that-powers-groks-image-generation-is-raising-another-100m-on-a-1b-valuation-say-sources/
Read at TechCrunch
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