AI Inference Startup Fal Closes New Funding Round, Valuation Rises to $16 Billion

November 4 — According to Bloomberg, AI inference startup Fal, which provides image, video and audio model hosting services for creators and developers, has completed a new $1.3 billion funding round, with its valuation doubling from $8 billion in April this year to $16 billion. The round was led by Bessemer Venture Partners, with participation from Nvidia, Sound Ventures, HOF Capital, T. Rowe Price and others. Fal's official blog shows this round is a Series F; it previously completed a Series E round led by Sequoia Capital (April this year, $350 million). According to people familiar with the matter, Fal's annualized revenue had already reached $800 million earlier this year.