AI inference startup Fal closed a $1.3 billion Series F funding round, doubling its valuation to $16 billion from $8 billion in April 2026. The round was led by Bessemer Venture Partners with participation from Nvidia, Sound Ventures, HOF Capital, and T. Rowe Price. Fal provides image, video, and audio model hosting services for creators and developers. The company's annualized revenue reached $800 million earlier this year, according to sources familiar with the matter. Its previous Series E round, led by Sequoia Capital, raised $350 million in April 2026.