SAN FRANCISCO (November 4, 2026)—Ashurst Perkins Coie is pleased to have advised fal—Features & Labels, Inc., a leading generative media infrastructure provider, on raising a combined $1.65 billion across its Series E and F rounds. The Series E funding was led by Sequoia Capital and included significant investment from Kleiner Perkins and a new investment by NVentures. The $1.3 billion Series F financing was led by Bessemer Venture Partners with continued investment from NVIDIA.
Ashurst Perkins Coie previously advised fal on its successful A, B, C, D, and E funding rounds.
The leading infrastructure layer for real-time AI-generated content, fal, is used by millions of developers and enterprise teams across industries for applications ranging from real-time video generation to hyper-personalized media, immersive creative tools, and advertising workflows.
The Ashurst Perkins Coie team was led by Partner Paul Navarro and included Partner Michelle Edwards; Counsel Elizabeth Omidian; Associates Upjeet Cheema, Spencer Post, Paul Ford, Marissa Madrazo, Eliza Smith-Driggs, Gavin Heap, and Brooke Heiner; and Paralegals Elias Perez and Susan Robles.
About Ashurst Perkins Coie
Ashurst Perkins Coie is the global law firm for the future economy. With 3,500 client-facing practitioners across 53 offices worldwide, the firm advises leading organizations in technology, energy and infrastructure, and financial services—three critical industries at the center of economic transformation. Combining global scale, sector insight, and technological capability, Ashurst Perkins Coie helps clients navigate change and unlock opportunity. For additional information about Ashurst Perkins Coie, please visit: www.ashurstperkinscoie.com.
