According to CoinMeta, fal announced the completion of two rounds of financing, E and F, totaling $1.65 billion. In April, Series E financing was led by Sequoia Capital, with $350 million raised and a valuation of $8 billion. In October, Series F financing was led by Bessemer, raising $1.3 billion and doubling the company's valuation to $16 billion, with NVIDIA continuing to participate as an investor. fal primarily focuses on image, video, and audio generation models. Developers can utilize models such as Google Nano Banana and Minimax through fal's API. In recent months, fal has also begun collaborating with model manufacturers to improve the quality and speed of generation through post-training and inference optimization. The annual revenue of fal increased from approximately $200 million in October 2025 to around $800 million in September of this year. Founder Burkay Gur revealed that during the summer of this year, customer demand exceeded the supply of computing power, forcing the company to implement rate limits for customers. This round of financing will mainly be used to purchase additional computing power and expand the team.