Fal raises $1.3B at a $16B valuation as demand for AI inference surges
The San Francisco startup, which hosts and runs AI video, image and audio models, doubled its valuation from April and has surpassed $800 million in annualized revenue, according to Bloomberg.
Fal, a San Francisco startup that hosts and runs AI video, image and audio models, has raised $1.3 billion in a funding round led by Bessemer Venture Partners, valuing the company at $16 billion, Bloomberg reported. That is double the $8 billion valuation it held in April. Nvidia, Sound Ventures and T. Rowe Price also participated in the round.