🏆 Deal of the Week · CW 7/2024
Flower Labs raised USD 20 million in a Series A round in February 2024; the company's valuation was not disclosed. The round drew participation from a broad syndicate of institutional and strategic investors across the machine learning ecosystem.
Flower Labs — key deal facts
| Company | Flower Labs |
| Founded | 2023 |
| Headquarters | Hamburg, Germany |
| Amount raised | USD 20M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series A |
| Investors | Betaworks Clément Delangue Factorial Capital Felicis First Spark Ventures Mozilla Ventures Pioneer Fund Scott Chacon Y Combinator |
| Sectors | Machine Learning |
Who invested in Flower Labs?
The Series A was backed by Betaworks, Clément Delangue, Factorial Capital, Felicis, First Spark Ventures, Mozilla Ventures, Pioneer Fund, Scott Chacon, and Y Combinator. The investor mix is notable for combining specialist AI funds with strategic backers such as Mozilla Ventures and Hugging Face co-founder Clément Delangue, signalling strong interest from the open-source ML community. Y Combinator's participation also reflects the company's roots in the accelerator programme.
What does Flower Labs do?
Flower Labs develops the open-source Flower framework, which allows organisations to train AI models on distributed private data using federated learning — without centralising that data. The framework is compatible with PyTorch, TensorFlow, and other major ML libraries, making it framework-agnostic and highly customisable. The company was founded in 2023 by Daniel J. Beutel (CEO), Taner Topal (COO), and Nicholas Lane (CSO), originating from a research project at the University of Cambridge. Flower Labs is headquartered in Hamburg, Germany, with additional operations in Cambridge, UK.
Flower Labs valuation & multiples
Explore the benchmarks: Series A Machine Learning.
Frequently asked questions
How much did Flower Labs raise in its Series A?
Flower Labs raised USD 20 million in its Series A round, announced in February 2024.
What is Flower Labs's valuation?
Flower Labs's valuation was not disclosed in connection with this Series A round.
Who invested in Flower Labs?
The round's investors include Betaworks, Clément Delangue, Factorial Capital, Felicis, First Spark Ventures, Mozilla Ventures, Pioneer Fund, Scott Chacon, and Y Combinator.
When was Flower Labs founded and where is it based?
Flower Labs was founded in 2023 and is headquartered in Hamburg, Germany.
Source: original announcement — read the full report.