Fal.ai, a platform that hosts image, video, audio and 3D AI models for developers, announced a new financing round that values the company at more than $4 billion. The round raised about $250 million, with Kleiner Perkins and Sequoia Capital as lead investors. The latest raise follows a $125 million Series C earlier in the year that lifted the valuation to $1.5 billion. Fal.ai’s revenue has climbed to roughly $95 million and its services are used by over two million developers, including major customers such as Adobe, Canva and Shopify. The company’s rapid growth is tied to the surge in multimodal AI applications, especially video‑centric tools like OpenAI’s Sora.
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