News Summary

Fal, a startup specializing in hosting AI models for developers, has secured $140 million in a Series D funding round led by Sequoia. This round also saw participation from prominent investors like Kleiner Perkins and Nvidia, among others. With this new funding, Fal’s valuation has tripled to $4.5 billion, a significant increase from the $125 million Series C round earlier this year. The company, founded in 2021 by former Coinbase machine learning leader Burkay Gur and ex-Amazon developer Gorkem Yurtseven, provides infrastructure for multimodal AI with clients such as Adobe, Shopify, Canva, and Quora. Fal has reportedly surpassed $200 million in revenue as of October.