AI Inference Startup Fal Raises Capital at $16 Billion Valuation

Fal, an AI inference startup that hosts image, video and audio models for creators and developers, has doubled its valuation to $16 billion in a new round of funding.Bessemer Venture Partners, an existing investor, led a $1.3 billion financing round in the startup in October, Fal is set to announce Tuesday. Other investors include Nvidia Corp., Sound Ventures, HOF Capital and T. Rowe Price Group Inc. Fal previously raised $350 million in a Sequoia-led round in April at an $8 billion valuation.Ta