According to ChainCatcher, Fal, an AI inference startup providing hosting services for image, video, and audio models for creators and developers, has completed a new funding round of $1.3 billion, doubling its valuation from $8 billion in April 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 states that this is a Series F round, following a Series E round led by Sequoia Capital. In April, the company raised $350 million. According to sources familiar with the matter, Fal’s annualized revenue earlier this year had already reached $800 million.
AI inference startup Fal raises $1.3 billion in funding, valuation reaches $16 billion
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Summary
Fal, an AI inference startup and a promising altcoin to watch in the crypto space, has raised $1.3 billion in fresh funding, pushing its valuation to $16 billion. The round was led by Bessemer Venture Partners, with NVIDIA, Sound Ventures, HOF Capital, and T. Rowe Price also participating. This F-round follows a $350 million E-round led by Sequoia Capital in April. Fal’s annualized revenue reached $800 million earlier this year, with funding rates continuing to rise as the company scales.
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