Fal.ai, a San Francisco, CA-based developer-focused platform for AI-generated audio, video, and images, has secured $23 million in funding across two rounds.
Investors
Kindred Ventures led a $14 million Series A, while Andreessen Horowitz (a16z) spearheaded a previously unannounced $9 million seed round. Notable investors include Perplexity CEO Aravind Srinivas and Black Forest Labs co-founder Robin Rombach.
Kindred Ventures is an early-stage venture capital firm focused on software, internet, and deep technology investing. The firm was founded in 2014 and is based in San Francisco, California.
Andreessen Horowitz (a16z) is a venture capital firm that backs bold entrepreneurs building the future through technology. The firm invests in companies from seed to growth stages across various sectors, including AI, bio and healthcare, consumer, crypto, enterprise, fintech, games, infrastructure, and American dynamism. a16z manages $43 billion in assets across multiple funds.
Fal.ai Use of Funds
The company will use the funding to enhance its AI platform by upgrading its inference optimization product to make it self-serve. Additionally, it will establish a research team focused on optimizing AI models. The funds will also support expanding Fal’s 17-person staff to further develop its generative media infrastructure.
About Fal.ai
Founded in 2021 by Burkay Gur and Gorkem Yurtseven, Fal.ai is a developer-focused platform that provides infrastructure for AI-generated media, including audio, video, and images. Its services include privately managed compute resources and workflows for model execution, catering to a growing demand in the generative AI space. Fal’s platform now serves over 500,000 developers, generating 50 million media outputs daily, with a customer base that includes Photoroom, Freepik, and PlayHT.
Funding Details
Company: Fal.ai
Raised: $23.0M
Round: Seed Round, Series A
Funding Date: September 2024
Lead Investors: Kindred Ventures, Andreessen Horowitz (a16z)
Additional Investors: Aravind Srinivas, Robin Rombach
Company Website: https://fal.ai/
Software Category: AI Infrastructure and Generative Media
Source: https://techcrunch.com/2024/09/18/fal-ai-which-hosts-media-generating-ai-models-raises-23m-from-a16z-and-others/