Fal doubles valuation to $16B after $1.3B Series F

AI infrastructure company fal has raised $1.3 billion in a Series F funding round led by Bessemer Venture Partners, with participation from NVIDIA, Sound Ventures, HOF Capital and T. Rowe Price. Founded in 2021 by Turkish entrepreneurs Burkay Gür and Görkem Yurtseven, fal announced the Series F alongside a previously closed $350 million Series E round led by Sequoia Capital in April. Together, the two rounds total $1.65 billion in funding. The latest investment values the company at $16 billion,…