Fal - The startup that provides AI models for processing images, videos and audio for developers continues to expand strongly in the field of multi-modal artificial intelligence when the company raises an additional 140 million USD in the Series D round led by Sequoia.
According to Bloomberg, this is Fal's third round of funding this year and raised the company's valuation to $4.5 billion, three times higher than when Fal received $125 million in the Series C round in July.
TechCrunch has said Fal is in the process of calling for new capital with the participation of Sequoia and Kleiner Perkins. The figure at that time was estimated at about 250 million USD, including the mobilized company's capital and secondary transactions in which existing investors sold shares. The announcement of $ 140 million reflects the capital flowing directly into Fal, according to a source shared with TechCrunch.
Fal is known as an infrastructure layer for multi-modal artificial intelligence, providing a model for image, video and audio processing for developers. The company was founded in 2021 by Burkay Gur and Gorkem Yurtseven. According to Bloomberg, Fal has surpassed the $200 million revenue mark as of October, showing high demand for tools and resources for building AI applications.
The participation of major investors such as Sequoia, Kleiner Perkins, Nvidia, Andreessen Horowitz and existing funds continues to strengthen Fal's position in the rapidly growing AI field. This information shows that Fal is not only expanding in value but also maintaining a stable growth rate in the context of increasingly strong competition in the AI infrastructure market.
