FAL, a startup that hosts image, video, and audio ai AI for developers, has announced that raised $ 140 million DED sequoia, with the participation of Perkins Kleiner, Andreessen Horowitz and other investors.
The round, which is the third round of funding this year, is valued at $4.5 billion, about three times what the company is matching at $125 million. Bloomberg reportsSee rank-.
TechCrunch reports In October that resulted in a new round of investors including Sequoia and Kleiner Perkins with a value of more than $4 billion. We also reported when it raised about $250 million, according to our sources. The higher amount represents $140 million in capital raised from the company and a secondary sale in which there are investors who sold it, people familiar with the deal said.
BAL provides the infrastructure layer for Multimodal AI for customers, including Adobe, Shopify, Canva, and Quora. Founded in 2021 by Burkay Gur (former Coinbase machine learning leader) and Gorkem Yurtseven (Ex-Amazon developer), the company has surpassed $200 million in revenue in October, according to Bloomberg.