At nearly four times the size of its April round, Fal's $1.3 billion Series F valued the AI inference company at $16 billion, Bloomberg reported.
Bessemer Venture Partners led the Series F. Nvidia, T. Rowe Price, Sound Ventures and HOF Capital also invested. Bloomberg reported the latest round was nearly four times the size of Fal's April financing.
Bloomberg reported that Fal’s April Series E raised $350 million at an $8 billion valuation, with Sequoia Capital leading. Fal runs a hosting business for image, video and audio models, serving creators and developers.
Bloomberg reported that Fal’s annualized revenue exceeded $800 million earlier this year.
