# Fal funding: rounds and investors

> Fal has raised $1.4B across 2 rounds since 2025. Investors include Bessemer Venture Partners, NVIDIA and Sequoia Capital. Every round with its source.

Source: https://millionrounds.com/company/fal (Millionrounds; every figure on the page links to its filing or article)

United States · [Series F startup](https://millionrounds.com/companies)

# Who invested in *Fal*

2 rounds we have observed, with the 16 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Construction Developer Tools Genomics

Raised this month Valuation: $4.5B, Mar 2026

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Funding summary Updated 5 Nov 2026

**$1.4B** raised across 2 rounds since 2025, from 15 sources

**$140M** Series D **$1.3B** Series F

- **Latest round:** Series F, $1.3B Nov 2026
- **Led by:** Bessemer Venture Partners
- **Step-up i:** 9.3×
- **Investors:** 16 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$140M** Series D

**$1.3B** Series F

- **First round:** Series D, $140M
- **Biggest round:** $1.3B
- **Between rounds:** 11 months

## The rounds

- **Nov 2026** Series F **$1.3B** *3 new* *2 returning* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) Lead [NVIDIA](https://millionrounds.com/fund/nvidia) [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) [HOF Capital](https://millionrounds.com/fund/hof-capital) [Sound Ventures](https://millionrounds.com/fund/sound-ventures) Reported by Bharat Fast and 12 others
- **Dec 2025** Series D **$140M** *13 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) Lead [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Village Global](https://millionrounds.com/fund/village-global-2) [NVIDIA](https://millionrounds.com/fund/nvidia) [Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners) [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) [Notable Capital](https://millionrounds.com/fund/notable-capital) [NVentures](https://millionrounds.com/fund/nventures) [Shopify Ventures](https://millionrounds.com/fund/shopify-ventures) [Alkeon Capital](https://millionrounds.com/fund/alkeon-capital) Reported by TechCrunch and 1 other

## Founders and team

From Fal's own website: 3 on the team.

- **Adam D'Angelo** CEO of Quora
- **Aravind Srinivas** CEO of Perplexity
- **Morgan Gautier** Head of Generative AI Experiences at Canva

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series D** 2025 **Series F** 2026 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) L [NVIDIA](https://millionrounds.com/fund/nvidia) [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) L [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Village Global](https://millionrounds.com/fund/village-global-2) [Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners) [T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) [Kindred Ventures](https://millionrounds.com/fund/kindred-ventures)

## Everyone who backed them

[Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) VC firm **2** rounds, led 1

[NVIDIA](https://millionrounds.com/fund/nvidia) Company **2** rounds

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round, led 1

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round

[Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) Corporate VC **1** round

[Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **1** round

[Village Global](https://millionrounds.com/fund/village-global-2) VC firm **1** round

[Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners) VC firm **1** round

[T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Private equity **1** round

[Kindred Ventures](https://millionrounds.com/fund/kindred-ventures) VC firm **1** round

[HOF Capital](https://millionrounds.com/fund/hof-capital) VC firm **1** round

[Sound Ventures](https://millionrounds.com/fund/sound-ventures) VC firm **1** round

[Notable Capital](https://millionrounds.com/fund/notable-capital) VC firm **1** round

[NVentures](https://millionrounds.com/fund/nventures) Corporate VC **1** round

[Shopify Ventures](https://millionrounds.com/fund/shopify-ventures) Growth equity **1** round

[Alkeon Capital](https://millionrounds.com/fund/alkeon-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=fal).

## Also claim to have backed them

These 6 firms list Fal as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Unusual Ventures](https://millionrounds.com/fund/unusual-ventures) VC firm Per its own site

[QuantumLight](https://millionrounds.com/fund/quantumlight) VC firm Per its own site

[Cortical Ventures](https://millionrounds.com/fund/cortical-ventures) VC firm Per its own site

[Valkyrie](https://millionrounds.com/fund/valkyrie-2) VC firm Per its own site

[PWV](https://millionrounds.com/fund/pwv) VC firm Per its own site

[Preston-Werner Ventures](https://millionrounds.com/fund/preston-werner-ven) Angel network Per its own site

## Quick answers about Fal

### Who invested in Fal?

Fal's investors include Bessemer Venture Partners, NVIDIA, Sequoia Capital, Andreessen Horowitz and Salesforce Ventures, and 11 more on record. Bessemer Venture Partners led its latest round.

### How much has Fal raised?

Fal has raised $1.4B across 2 rounds since 2025.

### When did Fal last raise?

Fal's most recent round was a Series F of $1.3B in Nov 2026, led by Bessemer Venture Partners.

### What was Fal's biggest round?

Its most recent round, $1.3B in Nov 2026, is also its largest on record.

### Who backed Fal first?

Fal's first round on record, in Dec 2025, was backed by Sequoia Capital, Andreessen Horowitz and Bessemer Venture Partners and 10 others.

### What stage is Fal at?

Fal's latest named round is a Series F, in Nov 2026.

### Where is Fal based?

Fal is based in the United States.

### Who led Fal's rounds?

Sequoia Capital led the Series D in 2025; Bessemer Venture Partners led the Series F in 2026.

## Companies like Fal

In the same sector, and raised in the last eighteen months.

[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)

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