AI inference startup Fal raises $1.3 billion, valuation reaches $16 billion

According to TechFlow, on Nov. 4, as reported by TechCrunch, AI inference startup Fal completed a $1.3 billion Series F round, reaching a valuation of $16 billion, double its $8 billion valuation in April this year. This round was led by Bessemer Venture Partners, with participation from NVIDIA, Sound Ventures, and T. Rowe Price.

Fal also announced its Series E and Series F rounds, raising a combined $1.65 billion, with the earlier Series E led by Sequoia Capital. Headquartered in San Francisco, Fal provides hosting and serving for AI video, image, and audio models; the report, citing Bloomberg, said the company's annualized revenue had already exceeded $800 million earlier this year.

Source: TechFlow