fal raises a Series F led by Bessemer, with Nvidia investing again, and Bloomberg reports $1.3bn at a $16bn valuation

fal, which runs inference for AI image and video models, announced on 3 November a Series F led by Bessemer Venture Partners, “with continued investment from NVIDIA”. It also announced a Series E led by Sequoia Capital that closed earlier in the year. fal's own post gives no amounts.

The Series F raised $1.3bn at a $16bn valuation, Bloomberg reported, according to SiliconANGLE and The Next Web. The Next Web says that is double the $8bn valuation fal had in April. SiliconANGLE adds that Sound Ventures, HOF Capital and T. Rowe Price took part.

fal runs the models for its customers rather than building frontier models of its own, so its business grows with the number of images and videos that app makers generate. That puts it on the same side of the market as the GPU cloud companies, whose revenue depends on how much computing their customers rent.

The round was announced two days before the 5 November sell-off in AI stocks, which has since put the pricing of AI companies in question. The story is in the catch-up lane: it happened on 3 November and had not run, because Bloomberg's figures needed a second open outlet.

• Claimed fal says its Series F is led by Bessemer Venture Partners, with continued investment from Nvidia, and its Series E was led by Sequoia Capital. fal
• Reported The Series F raised $1.3bn at a $16bn valuation, Bloomberg reported, according to SiliconANGLE. SiliconANGLE, citing Bloomberg
• Reported The Next Web says the valuation is double the $8bn fal was valued at in April. The Next Web