Fal doubles to $16B after $1.3B round

AI inference startup Fal has doubled its valuation to $16 billion following a $1.3 billion financing round led by Bessemer Venture Partners. The funding will help the company expand its computing power after experiencing a surge in demand that forced it to rate-limit customers over the summer. Other participating investors include Nvidia, Sound Ventures, and T. Rowe Price Group. Open article →