Black Forest Labs, a German AI startup known for image generation, secured $300 million in a Series B funding round, valuing the company at $3.25 billion. The funds will support their research and development efforts, particularly for their new image-generation model, Flux 2. The company gained attention for its technology used in various applications, including by Elon Musk’s Grok chatbot.

A stealth AI model has outperformed well-known competitors like DALL-E and Midjourney on a popular benchmark, demonstrating its advanced capabilities in image generation. The creators of this model have successfully secured $30 million in funding to further develop their technology.