Startup Fal has raised $1.3 billion and reached a valuation of $16 billion

The five-year-old startup Fal, which specializes in AI inference, has completed a new funding round. The company raised $1.3 billion.

The round was led by venture capital firm Bessemer. Thanks to the new deal activity, the startup's valuation has doubled to reach $16 billion amid a surge in demand for computing power.

The startup plans to use the funds to expand its infrastructure for fast model request processing. Against the backdrop of the massive development of generative AI, such services are becoming a critical link in reducing latency.