Artificial intelligence startup Fal.ai has closed a new investment round.
Fal.ai is a platform that provides image, video and audio models for developers. The startup was founded in 2021 by former Coinbase engineer Burkay Gur and former Amazon developer Görkem Yurtseven.
According to sources, this round values the startup at more than $ 4 billion. In total, about $ 250 million in investment has been raised.
Among the main investors in the new round are well-known venture funds such as Kleiner Perkins and Sequoia Capital. Both funds declined to comment on the subject.
This investment comes just three months after Fal.ai announced a $ 125 million “Series C” round at a valuation of $ 1.5 billion. At that time, the startup had annual revenue of more than $ 95 million and more than 2 million developers were using the platform. A year ago, these figures were only $10 million in revenue and 500,000 users.
According to PitchBook, Fal.ai has so far attracted a total of about $200 million in investments. The startup’s current investors include such reputable funds as Bessemer Venture Partners, Kindred Ventures, Andreessen Horowitz, Notable Capital, First Round Capital, Unusual Ventures, and Village Global.
Fal.ai provides infrastructure for multimodal AI models — that is, systems that can work with images, audio, and video at the same time. This direction is currently one of the most in-demand areas in the AI industry. In particular, the rapid popularity of OpenAI’s “Sora” video model once again demonstrates the potential of this market.
The startup currently offers developers more than 600 image, video, audio, and 3D models. Fal.ai’s cloud infrastructure is equipped with thousands of Nvidia H100 and H200 GPUs and is optimized for high-speed processing. The company also offers tools for model customization and delivers its services through API, serverless, and enterprise solutions.
Fal.ai’s clients include international companies such as Adobe, Canva, Perplexity, and Shopify. The platform is mainly used in areas such as advertising, e-commerce, and game content creation.
The startup was founded in 2021 by former Coinbase engineer Burkay Gur and former Amazon developer Görkem Yurtseven. They saw great potential in the creation of personalized multimedia content and started working in this direction. Initially working on the speed and scale of the Stable Diffusion model, the team later added many other AI models to its platform.
