Fal.ai, which hosts media-generating AI models, raises $23M from a16z and others
SMRTR summary
Fal.ai, a platform for AI-generated media, has raised $23 million in funding from investors including Andreessen Horowitz. The company offers privately managed compute and APIs for open source models, serving customers like Perplexity and Photoroom, and claims to handle 50 million daily generations with an annual run rate of nearly $10 million.
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