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fal Raises $125M in Series C Led by Meritech, with Salesforce Ventures, Shopify Ventures and Google AI Futures Fund Joining to Power the Next Decade of Generative Media

fal Raises $125M in Series C Led by Meritech, with Salesforce Ventures, Shopify Ventures and Google AI Futures Fund Joining to Power the Next Decade of Generative Media

August 13, 2025 Craig Etkin

Existing investors Bessemer Venture Partners, Kindred Ventures, Andreessen Horowitz (a16z), Notable Capital, First Round Capital, Unusual Ventures and Village Global participated in the round, reinforcing fal’s role as the infrastructure layer for AI-generated content across commerce, enterprise and developer ecosystems.

SAN FRANCISCO–(BUSINESS WIRE)–fal, the infrastructure platform powering real-time, generative media across image, video, audio, and 3D, today announced a $125 million Series C financing. The round includes new investments from Salesforce Ventures and Shopify Ventures, signaling accelerating demand for generative AI capabilities embedded in global commerce and enterprise platforms. The new capital brings fal’s total funding to $197 million.

“Salesforce Ventures and Shopify Ventures joining this round underscores how quickly real-time, personalized media is becoming core to how brands sell, engage, and build,” said Burkay Gur, co-founder and CEO of fal. “fal is the infrastructure making that shift possible—giving creative teams the tools to generate at the speed of imagination, without being limited by technical complexity or production bottlenecks.”

“From our first conversations with Burkay and Gorkem in early 2024 – when generative media was still emerging – their clear vision for the future stood out,” said Emily Zhao, Principal at Salesforce Ventures. “Their ability to anticipate what’s next and build for it is remarkable. We are excited to back this team and help bring the fal platform and infrastructure to the enterprise.”

fal now supports more than 1 million developers and 100+ enterprise customers, including Quora, Canva, Perplexity, Shopify, Moonvalley, Foster + Partners and Play AI, among others, and serves billions of AI-generated assets each month. Demand continues to accelerate with revenue growing more than 50% in the last two months alone.

“We’re thrilled to partner with Burkay, Gorkem and the entire fal team as they pioneer the infrastructure backbone for creating generative media experiences,” said Jane Lee, Partner at Shopify Ventures. “Multimedia will be core to the future of digital experiences, and fal is building the foundation for this future. The team has turned a hard, technical challenge into a simple and delightful solution.”

Designed to meet the speed, scale, and cost demands of today’s generative AI media, fal’s proprietary, serverless engine allows customers to run any AI model—whether private, open-source, or commercial—through a single, easy integration. It supports everything from images to video to audio, all while ensuring high reliability, global performance, and zero DevOps overhead.

“We are only in the first inning of generative media, and fal is already powering the most innovative companies in the space,” said Arsham Memarzadeh, General Partner at Meritech. “fal has earned their trust by delivering access to all of the best models with unmatched reliability, performance, and cost.”

The Next Decade of Generative Media

fal is building the infrastructure and tools that will define how creative content is made, personalized, and consumed in the years ahead.

The company sees three transformational shifts shaping the next era:

  • Personalization at Scale – Content will be dynamically tailored to individuals, not mass produced.
  • Creator-Ready Infrastructure – Creatives and developers alike will be able to build without managing models or infrastructure—just as anyone can launch a website today without setting up their own servers.
  • Real-Time Generation – Content will no longer be pre-produced. It will be generated at runtime, unlocking responsiveness, adaptability, and new creative formats.

As advanced, accessible tools lower the cost and complexity of creation, it’s vision and original creativity that will define the next generation of content. fal’s platform is built to empower the most inventive teams. This unlocks a new world where content isn’t just delivered faster—it’s smarter, more intentional, and built by humans with powerful new tools in hand.

Whether it’s a short film, product image, podcast, or a real-time advertising campaign, fal gives developers full control—removing technical friction so that the overall vision can take the lead. As real-time, AI-generated content becomes the norm across commerce, entertainment, marketing, and design, fal is positioned to be the infrastructure layer powering this next wave of creative transformation.

About fal

fal is the leading platform for generative media, offering cutting-edge inference solutions for AI-powered video, image, and audio applications. The company partners with enterprises, research labs, and developers worldwide to accelerate the future of generative AI content creation. For more information, visit www.fal.ai.

Contacts

For media inquiries, please contact: support@fal.ai

(c)2025 Business Wire, Inc., All rights reserved.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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