Generative media inference startup fal raises $1.3B at a $16B valuation

Generative media inference startup fal raises $1.3B at a $16B valuation

Generative media inference startup fal today announced it has raised $1.3 billion in new funding at a valuation of $16 billion, according to Bloomberg. The company will spend the money on computing power and on hiring beyond its current 185 employees.

Fal provides a cloud platform for running image, video and audio generation models, and developers reach all of them through a single application programming interface. Entertainment studios, advertising…