1. Fal.ai, an AI startup offering image, video, and audio models for developers, has raised $250 million in a new funding round, valuing the company at over $4 billion.
2. Key investors include Kleiner Perkins and Sequoia. The growth comes less than three months after the company's Series C round, where it had a $1.5 billion valuation.
3. Fal.ai's platform is in high demand due to its focus on multimodal AI, particularly video, as shown by the popularity of OpenAI’s Sora and other applications like it. The company offers over 600 models and caters to customers ranging from individual developers to large companies such as Adobe and Shopify.