Fal.AI

Overview
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Generative AI Infrastructure?
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Model development and training
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Founded in 2021 by Burkay Gur and Gorkem Yurtseven, Fal.ai is a developer-focused inference platform for running diffusion models to create AI-generated audio, video, and images. The company offers two main products: 1) Privately managed compute and workflows for running GenAI models and 2) APIs for open-source models that generate various media types. Fal.ai's platform is designed to handle large-scale requests, with the ability to process hundreds of millions of requests and generate 50 million images, videos, or audio streams daily. 

Fal.ai claims its infrastructure is optimized for speed and cost-effectiveness, allowing developers to run diffusion models up to 50% faster than traditional methods. The platform supports many models, including SDXL Lightning, AuraFlow, and Stable Diffusion V3. One of Fal.ai's standout products is Wizper, a Whisper v3-based transcription tool that offers approximately 250x real-time audio speed, making it significantly faster and more cost effective than competitors.

Fal.ai follows a pay-as-you-use business model starting from USD 1 to USD 200; it also includes customized pricing. As of September 2024, the company reported an annual run rate of nearly USD 10 million, representing a 10x increase since that January.

Key customers and partnerships

As of September 2024, notable customers included Photoroom, Freepik, Perplexity, and PlayHT, with 500,000 developers on its platform. It partnered with Black Forest Labs, hosting models that power image generation for various applications, including the controversial Grok chatbot. This initiative has supported the development of models like moondream2 and birefnet.


HQ location:
6020 Adeline Street Oakland CA USA
Founded year:
2022
Employees:
11-50
IPO status:
Private
Total funding:
USD 23.0 mn
Last Funding:
USD 14.0 mn (Series A; Sep 2024)
Last valuation:
USD 80.0 mn (Sep 2024)
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