Fal.ai, the fast-growing multimodal AI platform, raises $250 million from major investors Sequoia and Kleiner Perkins, boosting its valuation to over $4 billion amid booming demand for AI image, video, and audio tools.

Fal.ai is cementing its place among the world’s most valuable AI startups, securing a fresh $250 million funding round that pushes its valuation beyond $4 billion, according to sources close to the deal.

The round was reportedly led by top-tier investors Kleiner Perkins and Sequoia Capital, both of whom declined to comment, while Fal.ai itself has yet to issue an official statement.

This new funding comes just three months after Fal’s $125 million Series C, which valued the company at $1.5 billion — marking an extraordinary valuation jump in under 90 days. At that time, the company had surpassed $95 million in annual revenue and was serving over 2 million developers, up from 500,000 a year earlier.

A Core Player in the Multimodal AI Boom

Founded in 2021 by Burkay Gur (formerly of Coinbase and Oracle) and Gorkem Yurtseven (ex-Amazon), Fal.ai provides developers with a cloud infrastructure platform designed for multimodal AI models — spanning image, video, audio, and 3D generation.

The startup offers access to over 600 models, powered by thousands of Nvidia H100 and H200 GPUs. Its platform enables fast inference, custom model tuning, and serverless API hosting, making it a favorite among developers who need speed and scalability for creative applications.

Fal’s customers include major companies such as Adobe, Canva, Perplexity, and Shopify, with popular use cases across advertising, e-commerce, and gaming content creation.

Riding the Wave of Multimodal AI Demand

The company’s growth reflects the massive surge in demand for multimodal AI — technology that can generate and understand text, images, video, and sound simultaneously. The success of OpenAI’s Sora video generator, which recently topped the U.S. App Store faster than ChatGPT, highlights this booming market.

By focusing exclusively on media-driven AI infrastructure, Fal.ai has carved out a strong niche against industry giants like Microsoft, Google, and CoreWeave.

“Fal’s singular focus on media and multimodal AI is what sets it apart,” said Todd Jackson, a partner at First Round Capital and one of the company’s early backers.

Backed by Silicon Valley’s Elite

Before this round, Fal had already raised nearly $200 million from investors such as Bessemer Venture Partners, Andreessen Horowitz, Kindred Ventures, Notable Capital, First Round Capital, Unusual Ventures, and Village Global.

With its latest funding, Fal.ai is poised to scale even faster — and continue powering the next generation of AI-driven media creation.