AI inference startup Fal has completed a $1.3 billion funding round, reaching a valuation of $16 billion, according to a Techub News brief citing Bloomberg. The round was led by existing investor Bessemer Venture Partners, with participation from Nvidia, Sound Ventures and T. Rowe Price Group. Fal focuses on hosting image, video and audio models for creators and developers. The company’s valuation has doubled from the level seen in its April financing round, when Sequoia Capital led a $350 million raise. The latest deal marks a sharp step-up in Fal’s pricing within a matter of months, based on the figures disclosed in the report.
AI inference startup Fal has completed a $1.3 billion funding round at a $16 billion valuation, according to Techub News, citing Bloomberg.
The round was led by existing investor Bessemer Venture Partners. Nvidia, Sound Ventures and T. Rowe Price Group also participated. Fal mainly hosts image, video and audio models for creators and developers.
The report said Fal’s valuation has doubled from its April financing round, when Sequoia Capital led a $350 million raise.
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