Fal, a San Francisco-based startup that hosts and runs AI video, image, and audio models, has raised $1.3 billion in its latest funding round led by Bessemer Venture Partners, with participation from Nvidia, Sound Ventures, and T. Rowe Price. The deal values Fal at $16 billion, double its $8 billion valuation in April, Bloomberg reported.
The startup announced its Series E & F rounds at the same time, noting that a combined $1.65 billion was raised across both. (Sequoia led the earlier round.)
Originally reported by TechCrunch. Read the full story at the original source.
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