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AI Inference Startup Fal Raises $1.3B at $16B Valuation
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According to TechCrunch, Fal, a San Francisco startup that hosts and runs AI video, image and audio models, raised $1.3 billion in a round led by Bessemer Venture Partners, with Nvidia, Sound Ventures and T. Rowe Price participating, Bloomberg reported. The deal values Fal at $16 billion, double its April valuation. Fal announced Series E and F rounds together, totaling $1.65 billion, and surpassed $800 million in annualized revenue earlier this year.
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techcrunch.com · Read the original source ↗
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