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.
Bessemer Venture Partners announced on Wednesday that it has raised $5.75 billion across two new funds to accelerate its investment across all parts of the AI stack. The firm, which has backed companies such as Anthropic, Cognition, Legora, Perplexity, Ramp, Shopify and Waymo, dedicated $1.75 billion for seed and early-stage investing and the remaining $4…
