tech
Europe has talent, says German firm taking on AI giants
Black Forest Labs says it intends to accelerate its research and development after securing a Series B funding round of $300 million, giving the German AI image generation start-up a valuation of $3.25 billion. CNBC's Silvia Amaro speaks to Robin Rombach, CEO at Black Forest Labs.
TL;DR
- Black Forest Labs secured $300 million in Series B funding.
- The company's valuation is now $3.25 billion.
- The funding will be used to accelerate research and development.
- Black Forest Labs is an AI image generation start-up based in Germany.