Fal.ai, a multimodal AI infrastructure startup, has raised $250 million in a new funding round, elevating its valuation to over $4 billion. This round saw participation from major investors such as Kleiner Perkins and Sequoia Capital. Just three months ago, Fal.ai completed a $125 million Series C round, valuing the company at $1.5 billion. The startup has experienced rapid growth, with its annual recurring revenue skyrocketing from $10 million to over $95 million in the past year. Fal.ai offers more than 600 multimodal AI models and thousands of NVIDIA GPUs to over 2 million developers and clients, including Adobe, Canva, and Shopify.