[AI Inference Startup Fal Raises New Funding Round, Valuation Rises to $16 Billion] According to Bloomberg, Fal, an AI inference startup providing hosting services for image, video, and audio models for creators and developers, has raised $1.3 billion in a new funding round, doubling its valuation from $8 billion in April to $16 billion. The round was led by Bessemer Venture Partners, with participation from NVIDIA, Sound Ventures, HOF Capital, and T. Rowe Price, among others. Fal's official blog indicates this is its Series F funding round, following a previous Series E round led by Sequoia Capital (US$350 million in April). Sources familiar with the matter revealed that Fal's annualized revenue reached $800 million earlier this year.