Black Forest Labs: valuation, funding, and the secondary tape

The short version

instrumentvalueas ofsource
Claimed valuation$3.25Bsource
Clarity (Hiive) tape$96.792026-10-04source
Napkin: new-money stake9.1% ($300.00M of $3.30B)2025-12-01source

105 Clarity prints since 2026-06-24

Recent milestones

marks table | napkin table | the scorecard | all companies

Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.