Somewhere in San Francisco, Matthias Wagner is watching an AI lay out a circuit board that took his engineers three weeks to design manually - and doing it in six minutes. Flux, his company, is the thing he built for this exact moment: a browser tab where text becomes hardware. No schematic software installed. No datasheet crawling. No months of back-and-forth with a contract manufacturer. Just a prompt, and then a board.
Wagner is German, which matters in ways he does not advertise. He was trained in systems and telecommunications engineering - first at Otto-Hahn Schule, then at Siemens AG - in an era when European engineering education still ran on rigor rather than hustle. He started his first company at 24, building a digital signage startup called 42 media group out of a rented garage in a friend's backyard in Germany. No investors. No runway. Just the garage. He won Germany's Entrepreneur of the Nation award anyway.
Then he made a frog famous. As a songwriter, producer, and record label owner working with Universal Music, Sony, EMI, and BMG, Wagner co-produced the Crazy Frog cover of "Axel F" - a 2005 ringtone rework that became a cultural event. It knocked Coldplay off the #1 spot on the UK charts. The YouTube video now sits at nearly 3.8 billion views. His music across that decade sold over a billion units globally, earning platinum and gold records. The frog is not on his LinkedIn headline but it is in the room whenever someone asks how he got here.
"The software to make electronics hasn't improved in my lifetime. We can use machine learning, too. The supply chain now exists in my Oakland backyard."
- Matthias Wagner, CEO, FluxHe left music for product management and found himself at Facebook, eventually leading the Moments App team and working on AR ads and Oculus VR. That is where he learned what it feels like when tooling actually fits the task at hand - when software is invisible and creation is everything. Hardware design, by contrast, was anything but invisible. The tools were clunky, desktop-only, priced for aerospace firms, and unchanged for decades.
The specific frustration crystallized at Burning Man. Wagner had been building modular off-grid systems for his camps for years - sound systems, electrical setups, the kind of thing that requires circuit board design if you want to do it properly. Every time, the tooling fought him. In 2018, at a camp called Hotel California, he was leading construction of an open-sourced three-story structure made from interlocking wooden segments - and across the camp, he met Francisco Gimenez from 8VC. Years later, Gimenez would lead Flux's Series B.
Wagner founded Flux in October 2019 with co-founders Christian Blank (CTO) and Lance Cassidy (Chief Experience Officer). The pitch was simple and ambitious: make electronics design work the way software development does today - collaborative, browser-based, fast, and increasingly automated. The comparison to Figma was made often and was not wrong. The first five years were not easy. The company operated for years without meaningful revenue. Wagner calls it an honest apprenticeship.