> ## Content Index > Fetch the complete content index at: https://theainewsfiles.com/llms.txt > Use this file to discover other available public pages before exploring further. # AI inference startup Fal announces $1.65B in Series E and F funding - URL: https://theainewsfiles.com/fal-series-e-f-1-65-billion-funding/ - Published: 2026-11-04T11:39:35.000Z - Updated: 2026-11-04T11:39:35.000Z - Description: Fal announced a combined $1.65B across its Series E and F rounds on 3 November. TechCrunch puts the Series F at $1.3B, and says Bloomberg reported a $16B valuation. - Author: J E Cowie - Tags: News Fal, a startup that hosts and runs AI image, video and audio models, announced on 3 November 2026 that it has raised a combined $1.65 billion across its Series E and Series F rounds. The company's own announcement gives that combined figure. The Series F amount and the valuation come from press reporting. ## What fal said In a post on X, fal said it raised its Series E and F rounds "for a combined total of $1.65B". Sequoia led the Series E. Bessemer Venture Partners led the Series F, with "continued investment from @nvidia". A fal blog post from November 2026 adds that the company closed the Series E "earlier this year" and is announcing it alongside the Series F. It says the two things fal needs to support its customers are "the inference capacity to run these models at scale and the team to build what comes next". It says the rounds fund work across the fal ecosystem in 2027 and give the team room to pursue new research and new forms of creation. The blog also describes how customers use the models. Fal lists entertainment studios, advertising agencies, e-commerce brands, game developers and marketing teams as running image, video and audio models, including fal's own, inside their production pipelines. ## What the press reports *San Francisco, where TechCrunch says fal is based.* TechCrunch's Marina Temkin reported that the Series F came to $1.3 billion, led by Bessemer with participation from Nvidia, Sound Ventures and T. Rowe Price. She wrote that the deal values fal at $16 billion, double its $8 billion valuation in April, and attributed the valuation to Bloomberg. Wowtale likewise credited the $1.3 billion to TechCrunch and the $16 billion to Bloomberg. Taking TechCrunch's $1.3 billion for the Series F and the $1.65 billion TechCrunch gave for the two rounds together, Wowtale calculated that the Series E was about $350 million. That is arithmetic on two reported numbers, not a figure fal has announced. TNW, which also cited Bloomberg for the valuation, added some details TechCrunch does not carry: - The round closed in October. - HOF Capital also took part. - Fal plans to spend the money on more computing power and on growing its 185-person team. - Fal has started fine-tuning video models with the companies that make them, sometimes in return for licensing fees or a share of revenue. TNW quoted chief executive Burkay Gur as saying: "We hit a point in summer where we were not able to serve our customers and had to rate limit them." It also quoted him saying: "The more scale you have, the more likely you are to win at the end of the day." ## Revenue and demand Fal surpassed $800 million in annualised revenue earlier this year, TechCrunch wrote, citing Bloomberg's report. TNW attributed the same figure to a person familiar with the matter. TechCrunch said demand for inference, which is running an AI model that has already been trained, is soaring, particularly from customers relying on open-source models. Wowtale reported that fal's valuation climbed from $1.5 billion at the Series C in July 2025 to $4.5 billion at the Series D that December, before the $8 billion in April and the reported $16 billion now. ## The wider field TechCrunch named Baseten, Fireworks AI and Modal as other inference companies growing quickly and raising large rounds at higher valuations. It also reported that their gross margins remain thin because of the high cost of buying or leasing compute, according to several people familiar with inference companies' financials. TNW and Wowtale both reported that Modal raised $750 million at a $15.75 billion valuation in October, and that Fireworks raised $1.5 billion at a $17.5 billion valuation in July. Fal was co-founded in 2021 by Gur, a former Coinbase machine learning leader and Oracle engineer, and Gorkem Yurtseven, previously a developer at Amazon, according to TechCrunch. ## Sources fal (2026) 'The work and the people behind the build', fal, November 2026, available at: [https://fal.ai/blog/series-e-f](https://fal.ai/blog/series-e-f?ref=theainewsfiles.com) (Accessed: 4 November 2026). fal (2026) 'fal on X: "Today, we're announcing we raised our Series E & F rounds for a combined total of $1.65B"', X, 3 November 2026, available at: [https://x.com/fal/status/2117679688860508283](https://x.com/fal/status/2117679688860508283?ref=theainewsfiles.com) (Accessed: 4 November 2026). Temkin, M. (2026) 'AI inference startup Fal doubles its valuation to $16B as demand surges', TechCrunch, 3 November 2026, available at: [https://techcrunch.com/2026/11/03/ai-inference-startup-fal-doubles-its-valuation-to-16b-as-demand-surges/](https://techcrunch.com/2026/11/03/ai-inference-startup-fal-doubles-its-valuation-to-16b-as-demand-surges/?ref=theainewsfiles.com) (Accessed: 4 November 2026). TNW (2026) 'AI inference startup Fal doubles its value to $16B in a $1.3B round', TNW, 3 November 2026, available at: [https://thenextweb.com/news/fal-1-3b-bessemer-16b-valuation-ai-inference](https://thenextweb.com/news/fal-1-3b-bessemer-16b-valuation-ai-inference?ref=theainewsfiles.com) (Accessed: 4 November 2026). Kim, T. (2026) 'Generative Media Inference Platform fal Raises $1.3B Series F', Wowtale, 4 November 2026, available at: [https://en.wowtale.net/2026/11/04/235843/](https://en.wowtale.net/2026/11/04/235843/?ref=theainewsfiles.com) (Accessed: 4 November 2026). ## Picture credits - Top picture. San Francisco Skyline, photo by moonlightbulb ([CC BY 2.0](https://creativecommons.org/licenses/by/2.0/?ref=theainewsfiles.com)), via Flickr ([source](https://www.flickr.com/photos/24532534@N02/2621985153?ref=theainewsfiles.com))