Features & Labels led a $125m Series C round in Meritech.

Features & Labels, a developer-centric generative AI platform, led a $125m Series C round in Meritech, a venture capital firm, with participation from Salesforce Ventures, Shopify Ventures and Google AI Futures Fund Joining to Power the Next Decade of Generative Media, Bessemer Venture Partners, Kindred Ventures, Andreessen Horowitz (a16z), Notable Capital, First Round Capital, Unusual Ventures and Village Global. “We are only in the first inning of generative media, and fal is already powering the most innovative companies in the space,” said Arsham Memarzadeh, General Partner at Meritech. “fal has earned their trust by delivering access to all of the best models with unmatched reliability, performance, and cost.”