Fall, a startup that hosts image, video, and audio AI models for developers announced It raised $140 million in a Series D led by Sequoia, with participation from Kleiner Perkins, Andreessen Horowitz and other investors.
The round, which was Fall’s third fundraising this year, valued the company at $4.5 billion, nearly three times what it was valued at when it raised its $125 million Series C in July. Bloomberg reported,
TechCrunch reported In October Fall raised a new round from investors including Sequoia and Kleiner Perkins at a valuation of more than $4 billion. We also reported at the time that the raise was around $250 million, according to our sources. People familiar with the deal told TechCrunch that the higher amount reflects the $140 million in capital raised by the company and a secondary sale, where existing investors sold shares.
Fall provides the infrastructure layer for multimodal AI for customers including Adobe, Shopify, Canva, and Quora. Founded in 2021 by Berke Gur (a former Coinbase machine learning leader) and Gorkem Yurtseven (an ex-Amazon developer), the company surpassed $200 million in revenue as of October, Bloomberg reported.
