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Fal raises $1.3bn at $16bn valuation, doubling April's valuation

NewsFeeds update

AI inference startup Fal, which hosts image, video and audio models for creators and developers, has raised $1.3bn in a Series F led by Bessemer Venture Partners, with Nvidia, Sound Ventures, HOF Capital and T. Rowe Price among the investors. The round values Fal at $16bn, double its $8bn valuation in April, and people familiar say its annualised revenue reached $800m earlier this year.

AIPANewsAINeutral

Read the original on PANews

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