San Francisco, CA – Fal, an artificial intelligence infrastructure company, announced on Thursday the successful closure of a $125 million Series C funding round, elevating its valuation to $1.5 billion. This significant investment underscores the growing demand for scalable solutions in generative AI, particularly for non-text-based models. CEO Burkay Gur co-founded the company, which specializes in enabling enterprises to run audio, video, and image models efficiently.
Fal's platform is designed to streamline the deployment of machine learning models, remove complex data pipelines, and accelerate the work of data scientists. The company serves a diverse clientele, including major players like Quora, Canva, and Perplexity, by providing the infrastructure necessary for their generative media applications. This focus positions Fal as a key enabler in the rapidly expanding generative AI landscape.
The Series C round was led by venture capital fund Meritech, with notable participation from Salesforce Ventures, Shopify Ventures, and Google AI Futures Fund. Existing investors, including Bessemer Venture Partners, Kindred Ventures, Andreessen Horowitz, Notable Capital, First Round Capital, Unusual Ventures, and Village Global, also contributed to the round, signaling continued confidence in Fal's trajectory. This latest funding brings Fal's total capital raised to approximately $197 million.
Burkay Gur highlighted the practical applications of generative AI for businesses, stating, "With generative AI, you can create infinite iterations of the same ad. You can create different versions for different demographics. You can A/B test it as much as you want." This capability allows companies to significantly enhance their marketing and creative workflows. The company processes over 100 million inference requests daily with high uptime, demonstrating its robust operational capacity.
The announcement follows an enthusiastic social media post by Ramon Berrios, who lauded Gur's efforts and the company's progress. Berrios stated in a tweet, > "Incredible journey. Good things happen to good people. Got to witness Burkay building this one from the beginning. @burkaygur is an outstanding gent. Went out of his way to help me during initial days of AI and even helped me with fundraising for previous journeys. to $10B now! Go Fal!" While Berrios's tweet optimistically projected a $10 billion valuation, the company's confirmed Series C valuation stands at $1.5 billion, reflecting its current market position.