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fal Announces $1.65B Across Series E and F for Generative Media Inference, Led by Sequoia and Bessemer with NVIDIA

fal, which hosts inference for image, video and audio models, announced on its official X account and blog on November 3 that it raised a combined $1.65B across Series E and Series F. Sequoia Capital led the Series E, closed earlier this year, and Bessemer Venture Partners led the Series F with continued investment from NVIDIA. fal did not disclose valuation or per-round amounts; Bloomberg reported the Series F at $1.3B at a $16B valuation, double the $8B from April. fal says the money funds inference capacity, hiring, and research and platform work in 2027.

fal Announces $1.65B Across Series E and F for Generative Media Inference, Led by Sequoia and Bessemer with NVIDIA

Key Takeaways

  • Confirmed by fal: $1.65B combined across Series E and F, Sequoia led E, Bessemer led F, NVIDIA continued investing (fal blog)
  • fal did not disclose valuation; Bloomberg reported the Series F at $1.3B at a $16B valuation and the Series E at $350M at $8B
  • Per Bloomberg, CEO Burkay Gur said demand spiked so much over the summer that fal had to rate limit customers, driving the large raise
  • Funds go to inference capacity, team growth and new research in 2027; fal hosts many third-party media models such as Seedance, Kling, Veo and FLUX
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Cohere closes first tranche of Series E targeting up to C$7B at a C$35.7B valuation, with Canada taking an equity stake of up to C$1.6B

On October 29, Cohere announced the initial close of a Series E targeting up to C$7 billion at a C$35.7 billion valuation, led by Schwarz Group with NVIDIA, Bell Ventures and others, which Cohere calls the largest private round in Canadian startup history. The same day Prime Minister Mark Carney said the government will make a staged equity investment of up to about C$1.6 billion; Cohere commits to keep its Canadian incorporation and headquarters and to invest more than C$4 billion and add 1,500+ jobs in Canada through 2031.

Cohere closes first tranche of Series E targeting up to C$7B at a C$35.7B valuation, with Canada taking an equity stake of up to C$1.6B

Key Takeaways

  • Round: Series E targeting up to C$7B at a C$35.7B valuation, led by Schwarz Group with Bell Ventures, Bullhound, Inovia, NVIDIA, Prosperity7 and the Government of Canada (Cohere blog, vendor figures)
  • Government stake: up to about C$1.6B, paid in stages with regular reporting on jobs and investment, framed as a commercial investment (PM news release)
  • Conditions: at least 1,000 new technical jobs and at least C$1.7B of added compute in Canada by 2030, plus Canadian incorporation and headquarters
  • Cohere pledge: more than C$4B in R&D and AI infrastructure in Canada from 2024 to 2031, 1,500+ new roles, and 250+ paid student roles by 2029 (Cohere blog)
  • Positioning: privately deployable "sovereign AI" plus cyber defense, with AISLE becoming Cohere Cyber; no new model or benchmark was announced
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Temporal Raises $550M Series E at a $12.55B Valuation for Durable Agent Workflows

Temporal announced a $550M Series E at a $12.55B valuation. Its durable-execution infrastructure is designed to let AI agents resume multi-step workflows after crashes, bugs, or long waits, targeting reliability and orchestration for production agents.

Key Takeaways

  • The Series E totals $550M at a $12.55B valuation
  • Durable execution preserves long-running workflow state so agents can recover from failures or waits
  • Production agents increasingly depend on reliable execution, retries, and orchestration beyond raw model capability
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