Fal Raises $1.3B to Reach $16B Valuation

AI inference startup Fal raised $1.3 billion in a Series F round led by Bessemer Venture Partners, reaching a $16 billion valuation. Nvidia and T. Rowe Price also invested. The company plans to expand its 185-person team and computing power, citing summer capacity issues. Fal surpassed $800 million in annualized revenue earlier this year.