Fal announced it raised a combined $1.65 billion across its Series E and Series F rounds. Sequoia led the Series E, while Bessemer Venture Partners led the Series F, with continued participation from Nvidia. The company said the funding will let the team build as it wants and enable it to push boundaries further next year. Fal thanked investors and supporters for believing in the power of generative media, describing the journey as a foray into the unexpected.

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