"Fal, a startup that hosts image, video, and audio AI models for developers, has announced that it raised $140 million Series D led by Sequoia, with participation from Kleiner Perkins, Andreessen Horowitz and other investors. The round, which was Fal's third fundraise this year, valued the company at $4.5 billion, about three times what the company was worth when it raised its $125 million Series C in July Bloomberg reported."
"TechCrunch reported in October that Fal raised a new round from investors including Sequoia and Kleiner Perkins at a valuation of over $4 billion. We also reported at the time that the raise was around $250 million, according to our sources. This higher amount reflects the $140 million capital raised from the company and a secondary sale where existing investors sold shares,"
Fal raised $140 million in a Series D round led by Sequoia with participation from Kleiner Perkins, Andreessen Horowitz and other investors. The financing was Fal's third fundraise this year and valued the company at $4.5 billion, roughly three times its valuation after a $125 million Series C in July. The round combined $140 million of new capital and a secondary sale where existing investors sold shares. Earlier estimates placed Fal's valuation at over $4 billion and indicated a roughly $250 million raise. Fal provides infrastructure for multimodal AI and serves Adobe, Shopify, Canva, and Quora. Founded in 2021 by Burkay Gur and Gorkem Yurtseven, Fal surpassed $200 million in revenue as of October.
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