Generative AI media platform Fal receives another $140 million in funding.

Fal, a generative AI media platform, has secured $140 million in a new funding round led by Sequoia Capital, with participation from NVIDIA Ventures and other institutions. The company's valuation has reached $4.5 billion, more than double its valuation a few months ago. Fal provides developers with hosted image, video, and audio AI model services, and its clients include companies such as Adobe and Shopify.