fal raises $1.3 billion Series F led by Bessemer Venture Partners
The generative media infrastructure company brings in NVIDIA as a strategic investor and plans further investment in research and engineering.
fal has raised $1.3 billion in Series F financing led by Bessemer Venture Partners. NVIDIA joined as a strategic investor, with Sound Ventures and T. Rowe Price also participating. The round values the company at $16 billion.
The company supplies APIs and infrastructure that let developers run generative image, video and audio models inside their applications. Its next phase includes investment in research, engineering and the infrastructure behind those workloads.
The announcement also covered an earlier Series E led by Sequoia Capital. Together, the two rounds brought in $1.65 billion.
Use of funds
Expand generative media infrastructure
Research and engineering hiring