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Black Forest Labs

private
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Black Forest Labs is a privately held company tracked for investment-relevant business and technology developments.

sentiment mix
bull 86%bear 0%neu 14%

funding rounds

private markets
latest round
Series B
Dec 2025 | $300M
post-money valuation
$3.25B post-money
not disclosed
total raised
$450M+ disclosed
1 disclosed rounds | updated 2026-07-21
round progression
Series B
Dec 2025
$300M
lead investors
  • AMPlead
  • Salesforce Venturesco
dateroundamountvaluationinvestors
Dec 2025Series B$300M$3.25B post-moneyAMP, Salesforce Ventures

signal summary

latest thesis
Black Forest Labs explores API vs license model for generative AI▾

Portfolio company Black Forest Labs is navigating business model decisions (API vs license) for generative AI models, with Earlybird facilitating peer learning across portfolio.

andre retterathT1Scaling Europe2026-05-04
confidence 82 / 100impact Medium
key themes
  • Open Source AI86%
  • AI Infrastructure86%
  • AI Economics & Business Models71%
  • Enterprise AI Adoption71%
  • AI Agents57%

bull thesis · 6

89 / 100
  • •Black Forest Labs trains Flux 3 video model on AMP Grid with 12 researcher co-founders
  • •Harry: Black Forest Labs underrated Neolab in image generation
  • •Black Forest Labs explores API vs license model for generative AI

bear thesis · 0

—
  • — none —

mentions · 7

20VCArena CEO: 70% of Neolabs Will Die | There Will be a $100BN US Open-Source Model1 mentions · 1▲ 0▼ 0○ · 2 months ago
0:0020:0040:001:00:001:20:00
TBPNAMD CEO Lisa Su Live on TBPN1 mentions · 1▲ 0▼ 0○ · 2 months ago
0:0011:0022:0033:0045:00
Sourcery VCAMD, Starcloud, Coatue..10 Hot Takes From The Biggest Names in AI1 mentions · 1▲ 0▼ 0○ · 2 months ago
0:006:0012:0018:0025:00
All-In PodcastOpen Source Wins, AGI Is Here, and Scorsese’s AI Toolkit with CEOs of Cerebras & Black Forest Labs1 mentions · 1▲ 0▼ 0○ · 3 months ago
0:0017:0035:0052:001:10:00
20VCNebius Co-Founder on AI Infrastructure Bubbles | How Price Elastic is Demand for Compute1 mentions · 1▲ 0▼ 0○ · 4 months ago
0:0015:0030:0045:001:00:00
itnigKREA.AI: la startup de IA con más de 30 millones de usuarios | itnig podcast1 mentions · 0▲ 0▼ 1○ · 5 months ago
0:0041:001:22:002:03:002:45:00
Scaling EuropeEarlybird’s new €360m fund: Andre Retterath, General Partner at Earlybird Venture Capital1 mentions · 1▲ 0▼ 0○ · 5 months ago
0:003:007:0011:0015:00