According to two people familiar with the matter, Fal, which focuses on providing inference services for image and video generation models such as Google's Nano Banana, has already negotiated a new round of financing with investors, with a target valuation of 15 billion US dollars. Another third person familiar with the matter said that negotiations are still in the early stages, and the company may raise the target valuation to the range of 17 billion to 20 billion US dollars. Regardless of which range the final valuation falls within, this round of financing will nearly double the valuation of this five-year-old company compared to the $8 billion financing round this spring. A person familiar with the matter said that the background of the financing negotiations was that its annualized revenue climbed to 800 million US dollars, double the level in March. A third person familiar with the matter said that Fireworks AI, the inference service provider ranked number one by revenue scale, is also considering a new round of financing. If financing is promoted, the target valuation could reach 30 billion US dollars, which is almost double the previous round of valuation announced in July. Fireworks said on Friday that the company has completed the sale of employee shares led by Atleides Capital, with a transaction valuation of 17.5 billion US dollars, which is the same as the previous round of financing announced in July. As of July, its annualized revenue had reached $1 billion, a fourfold increase from a year ago. The latest revenue data is currently unavailable.

According to two people familiar with the matter, Fal, which focuses on providing inference services for image and video generation models such as Google's Nano Banana, has already negotiated a new round of financing with investors, with a target valuation of 15 billion US dollars. Another third person familiar with the matter said that negotiations are still in the early stages, and the company may raise the target valuation to the range of 17 billion to 20 billion US dollars. Regardless of which range the final valuation falls within, this round of financing will nearly double the valuation of this five-year-old company compared to the $8 billion financing round this spring. A person familiar with the matter said that the background of the financing negotiations was that its annualized revenue climbed to 800 million US dollars, double the level in March. A third person familiar with the matter said that Fireworks AI, the inference service provider ranked number one by revenue scale, is also considering a new round of financing. If financing is promoted, the target valuation could reach 30 billion US dollars, which is almost double the previous round of valuation announced in July. Fireworks said on Friday that the company has completed the sale of employee shares led by Atleides Capital, with a transaction valuation of 17.5 billion US dollars, which is the same as the previous round of financing announced in July. As of July, its annualized revenue had reached $1 billion, a fourfold increase from a year ago. The latest revenue data is currently unavailable.