FLUX RAISES $37M LED BY 8VC 1 MILLION+ USERS ON FLUX PLATFORM CRAZY FROG "AXEL F" — 3.8 BILLION YOUTUBE VIEWS AI HARDWARE ENGINEER LAUNCHED BY FLUX 6.5 MILLION DEVICES DESIGNED ON FLUX WAGNER MET SERIES B INVESTOR AT BURNING MAN FLUX RAISES $37M LED BY 8VC 1 MILLION+ USERS ON FLUX PLATFORM CRAZY FROG "AXEL F" — 3.8 BILLION YOUTUBE VIEWS AI HARDWARE ENGINEER LAUNCHED BY FLUX 6.5 MILLION DEVICES DESIGNED ON FLUX WAGNER MET SERIES B INVESTOR AT BURNING MAN
Matthias Wagner, Founder & CEO of Flux

@natarius — "Chief Skywalker" on Flux

YesPress Profile — San Francisco, CA

Matthias Wagner

Founder & CEO, Flux — AI Hardware Engineer

He made a ringtone that knocked Coldplay off the UK charts. Then he joined Facebook to help build Oculus. Then he went to Burning Man, met a venture capitalist while constructing a three-story wooden structure, and decided hardware design was still stuck in the 90s. Now his platform, Flux, turns a text prompt into a manufacturable circuit board in a single browser tab.

Founder AI Hardware PCB Design Series B Crazy Frog Burning Man Builder
$37M
Total Funding
1M+
Flux Sign-ups
3.8B
Crazy Frog Views
110
Employees
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The Circuit Board Renegade

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, Flux

He 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.

1M+
Sign-ups
Engineers, makers, and first-time builders designing electronics on Flux
🔌
6.5M
Devices Designed
Boards designed on Flux, from satellite components to vending machines
💰
$37M
Total Raised
Series B ($27M, 8VC) + Series A ($10M, Outsiders Fund / Bain Capital)
🌍
$80B
Target Market
The global electronics design market Flux is aiming to transform

From Prompt to PCB

Flux is not a PCB tool with an AI button bolted on. It was designed from the start as an AI-native hardware platform - the whole stack rearchitected around what machine learning makes possible. The AI Hardware Engineer, launched in 2025, handles the full workflow: natural language requirements, component selection, schematic creation, error checking, component placement, and board routing. Start with a sentence. End with a manufacturable board.

The comparisons Wagner gets most often are to vibe coding - the trend of generating software through natural language - and he does not resist them. "You can prompt an iPhone-class device into existence," he has said, drawing a direct line between what Cursor does for code and what Flux does for hardware. The difference is that hardware has a physical supply chain attached, which means the AI needs to know what components actually exist and are actually in stock. Flux has built the world's largest eCAD parts library to make that possible.

Real-world results have followed. A space startup used Flux to design a satellite mission board that launched successfully. A vending machine manufacturer reduced costs and simplified installation. A radio frequency engineer reported a 2-4x productivity increase through streamlined component reuse. When Wagner says "when it works, it's magical," he is describing something his users report back to him constantly.

"By bringing the cost of design down to near-zero, we're giving millions of non-experts the ability to build for niche audiences - or make something for themselves."

- Matthias Wagner

The Copilot Knowledge feature, launched in 2025, added another layer: the AI learns how you work. It picks up your component preferences, your naming conventions, your review process. It asks permission before saving an insight. Over time, it behaves less like a general-purpose assistant and more like a senior engineer who has sat next to you for a year.

The 110-person company is backed by investors who have seen platform shifts before. Figma board member John Lilly and GitHub founder Tom Preston-Werner are on the cap table. That combination of design-tool pedigree and developer-platform thinking is deliberate. Wagner is building the horizontal layer under electronics design the same way Figma became the horizontal layer under product design.

What Matthias Wagner Says

"With Flux, you can have a brilliant idea one day and hold the finished product in your hand a few weeks later."
Matthias Wagner
"LLMs are great at writing code, but until now they didn't have the context necessary to design PCBs."
Matthias Wagner, Flux CEO
"Hardware was somehow still stuck in what could have been the 90s."
Matthias Wagner, on the state of electronics tooling
"When it works, it's magical. There's a lot of use cases where, just from a single prompt, it will do the full thing."
Matthias Wagner, on Flux's AI Hardware Engineer

The Long Arc

Wagner's career does not fit a single template, which is probably why he ended up where he did. Three distinct chapters - entrepreneurship, music, and big tech product management - gave him a range that most hardware startup founders simply do not have. He understands what a consumer hit feels like (1 billion units sold). He understands what it means to ship products at Facebook scale (hundreds of millions of users). And he understands what it means to build something from nothing in a garage (42 media group, Hochzeit.de).

He also co-founded and served as CTO of Hochzeit.de, a German wedding platform, deepening his full-stack experience before crossing the Atlantic. At General Assembly, he taught product management. At Singularity University, he mentored. The instinct toward teaching shows up in how Flux is built: it is designed to explain itself, to show users why a component was chosen, to invite collaboration rather than replacing engineers wholesale.


~2004
Began working in product and technology; pursued engineering at Otto-Hahn Schule and Siemens AG
2005
Founded 42 media group (digital signage) from a garage in Germany at 24, with no outside investment. Won German Entrepreneur of the Nation award.
2005-2014
Songwriter, producer, record label owner; co-produced Crazy Frog "Axel F" (3.8B YouTube views); sold over 1 billion units globally; multiple platinum and gold records
~2014-2019
Co-founded Hochzeit.de (CTO); product manager at Facebook (Meta) - Moments App, AR ads, Oculus VR
2018
Met 8VC's Francisco Gimenez at Burning Man while building a 3-story interlocking wooden structure at camp Hotel California
2019
Founded Flux (October) with Christian Blank (CTO) and Lance Cassidy (CXO)
2025
Flux raises $10M Series A; reaches 1 million sign-ups; launches AI Hardware Engineer
2026
Flux raises $27M Series B led by 8VC; total funding $37M; 110 employees; 6.5M devices designed

Strange & True

  • The Crazy Frog "Axel F" ringtone he helped produce now has nearly 3.8 billion YouTube views - one of the most-viewed music videos in history
  • His music knocked Coldplay off the #1 spot on the UK charts
  • He met his lead Series B investor at Burning Man in 2018, while leading construction of a three-story open-source wooden structure
  • He goes by "Chief Skywalker" on the Flux platform under the handle @natarius
  • He built his first company from a rented garage with zero investor backing - and won Germany's top entrepreneurship award for it
  • Flux operated for five years before meaningful revenue - a patient, conviction-driven run that most founders would not survive
  • His work sold over 1 billion units globally with major labels including Universal Music, Sony, EMI, and BMG