Rapid fundraising in the area of generative AI has become quite commonplace in the current market: Startups building these tools need the funding to buy compute, to hire talent, perhaps to settle IP licensing agreements, and for marketing and business development to compete against bigger and even more well-funded players. In the case of Black Forest Labs, there are more technology launches coming up soon. The company has already said it’s working on a state-of-the-art text-to-video tool, with an as-yet-unannounced debut date.