Fal, a local tech startup that pioneered the concept of “creative media” and has garnered global attention in the field of artificial intelligence, has successfully completed its Series C investment round. The company has raised $125 million in investment at a valuation of $1.5 billion at this stage. With this, Fal has become one of the companies that have received a total of $197 million in investment so far, becoming one of the companies that have achieved “Unicorn” status.
The investment round was led by Meritech Capital. The round also included Salesforce Ventures, Shopify Ventures, Google AI Futures Fund, and Andreessen Horowitz (a16z), Bessemer Venture Partners, Kindred Ventures, Notable Capital, First Round Capital, Unusual Ventures, and Village Global, which invested in previous rounds.
Burkay Gür, founder and CEO of Fal, said that the participation of well-known global investment funds in this round once again proves how important personalized and real-time media products are for brands and companies:
“Fal is the key technology platform that makes this transformation possible. We provide the necessary tools for creative teams to create products at the speed of their imagination, without facing technical barriers and production difficulties.”
According to the startup team, the new investments will be directed to strengthening the company's infrastructure, attracting new employees and developing key technologies in the creative media field for the next decade.
What is Fal?
Founded in 2021 by Burkay Gür and Görkem Yurtseven, Fal is today considered the largest AI-based media platform created for developers in the world. The company brings together various AI models for audio, image and video production. Users can access dozens of open and closed-source AI models in seconds via APIs, including Google’s latest video model, Veo 3.
The Fal platform delivers results twice as fast as its competitors, with a flux extraction speed of 2.5 seconds.
Fal currently works with over 100 well-known enterprise clients – including Quora, Canva, Perplexity, Shopify, Moonvalley, Foster + Partners and Play AI. The platform has over 1 million registered users and delivers millions of AI-generated visuals every month. Amidst the growing demand, the company’s revenue has grown by over 50 percent in the last two months.
