Fal.ai, a startup that hosts image, video, and audio AI models for developers, has closed a new round valuing the company at over $4 billion, four people familiar with the deal said. The company raised approximately $250 million, two of the people said.

Major investors in the round are Kleiner Perkins and Sequoia, according to our sources. Fal didn’t respond to a request for comment. Sequoia and Kleiner Perkins declined to comment.

The new round is coming less than three months after Fal announced a $125 million Series C at a $1.5 billion valuation led by Meritech. At that time, the company’s revenue crossed $95 million and it’s platform was used by over two million developers, Todd Jackson, a partner at First Round Capital wrote on LinkedIn . That was massive growth from a year ago,

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