Fal Raises $1.3B at $16B Valuation
AI inference startup Fal announced a $1.3 billion Series F round and a $350 million Series E round, totaling $1.65 billion, with the latest round valuing the company at $16 billion. Bessemer Venture Partners led Series F, while Sequoia led Series E; Nvidia continued investing as a strategic investor. Fal provides a cloud platform for running image, video and audio generation models through a unified API, and plans to use the funding for additional computing power and hiring.
Fal said the financing follows a surge in demand that left it unable to serve all customers and requiring request limits in the summer. The funds are intended to add computing capacity and expand the company's 185-person team.
Today, we’re announcing we raised our Series E & F rounds for a combined total of $1.65B. Our Series E was led by @sequoia and our Series F was led by @BessemerVP with continued investment from @nvidia.
We’re excited to push the boundaries of what’s possible even more next year and this funding will enable the team to build the way we want to.
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