German AI Startup Black Forest Labs Targets Massive Funding
German AI image generator startup Black Forest Labs is on the verge of a significant new funding round, signaling strong investor confidence in the rapidly evolving generative AI market. The deal, still under negotiation, could catapult the company to a multi-billion dollar valuation.
Key Investors Backing AI Innovator
According to sources familiar with the discussions, the funding round is set to be co-led by two major players in the investment world: Salesforce Ventures, the corporate venture capital arm of Salesforce, and AMP, a new investment vehicle managed by Andreessen Horowitz general partner Anjney Midha. This powerful backing from both a strategic corporate investor and a top-tier venture capitalist underscores the high expectations for Black Forest Labs.
Funding Round and Valuation Details
The proposed financing aims to raise between $200 million and $300 million. If successful, this investment will place the company's total valuation at an impressive $3.25 billion, inclusive of the newly raised capital. The sources, who requested anonymity as the information is private, emphasized that the terms of the deal are not yet final and are subject to change as negotiations continue.
