AI inference startup Fal raises $1.3B led by Bessemer at a $16B valuation, up from $8B in April

Bloomberg reports AI inference startup Fal has raised $1.3B led by Bessemer Venture Partners at a $16B valuation, double its $8B April mark. A source tells Bloomberg Fal has reached $800M in annualized revenue this year, as demand for hosted image, video and audio model inference accelerates. The round makes Fal one of the most valuable pure inference providers in the market.