Fal, an AI inference startup that hosts image, video and audio models for creators and developers, doubled its valuation to $16 billion in a $1.3 billion financing round led by existing investor Bessemer Venture Partners, according to Bloomberg. The round took place in October, and Fal is set to announce it Tuesday. Other investors include Nvidia, Sound Ventures and T. Rowe Price Group. Fal raised $350 million in a Sequoia-led round in April at an $8 billion valuation.