Andreessen Horowitz

Balaji Srinivasan says AI enables labor arbitrage at scale. A lawyer in the US making $200K. A worker in the Philippines making $2K. Imagine if AI plus human IQ convergence looks like $20K. A 10x gain for the global poor. A 10x pressure on Western wages.

The teams building the future of media are building on fal. They just raised a $125M Series C to scale their real-time generative content platform. fal is becoming the default infrastructure for getting AI into production. We're proud to keep backing them.

Today, we're thrilled to announce our $125M Series C funding round at a $1.5B valuation, led by Meritech Capital, marking our third successful raise in just 12 months! fal’s Generative Media Cloud now powers tens of thousands of applications, supporting over two million developers and more than 300 enterprise customers. From initial prototypes to fully scaled production, we've become the essential infrastructure enabling some of the most innovative and creative work in the industry. Over the past year alone, we've experienced extraordinary growth—averaging 40% month-over-month, consistently exceeding our own ambitious projections. Each month, hundreds of thousands of new developers and thousands of fresh applications join our platform, unlocking entirely new use cases previously thought impossible. With this latest round of funding, we're significantly scaling our engineering, support, sales, and marketing teams to keep pace with the accelerating demand and enthusiasm from our community. Our vision has always been clear: build a generative media platform that effortlessly creates dynamic, real-time content across video, audio, image, and 3D. Thanks to our incredible team, dedicated partners, and visionary customers, that's precisely what fal delivers today—empowering creativity at unprecedented scale. Alongside Arsham Memarzadeh from Meritech Capital we’d love to thank all our existing and new investors joining this round: Sameer Dholakia and Talia Goldberg from Bessemer Venture Partners, Jennifer Li from Andreessen Horowitz, Steve Jang from Kindred Ventures, Glenn Solomon and Dan Cahana from Notable Capital, Emily Zhao from Salesforce Ventures, Jane Lee from Shopify Ventures, Nick Landolfi from Unusual Ventures, Todd Jackson from First Round Capital and Anne Dwane from Village Global.

Congratulations to Dylan Field, Praveer Melwani and the Figma team on going public. When we originally invested, we said we were entering the decade of design. Amazing how much that has happened, and more. Thanks for letting us at Andreessen Horowitz be part of the journey. Here’s the investment thesis Peter Levine wrote on Figma 5 years ago, on “the decade of design”. https://xmrrwallet.com/cmx.plnkd.in/ggBguuSR

Privacy was invented to deal with urban living. “The word ‘privacy’ doesn’t appear once in the Constitution.” Now social media makes privacy even rarer. But group chats are a counter, says Antonio Garcia-Martinez. In the group chat, everyone knows everyone. There’s accountability in the group chat.

Chris Hayes says the democratization of fame has made social attention constant and ambient. Social media turned everyday life into performance in public: a kind of “digital panopticon” where everyone watches everyone. The result is a quiet retreat. Group chats offer the last escape from being seen.

We’re proud to lead the seed round in North Pole Security. One in five business machines in the U.S. now runs macOS, yet most security tools still treat it as an afterthought. Existing solutions weren’t built with macOS in mind. North Pole is building the platform that is. Their product, Workshop, brings true prevention to macOS endpoints by blocking threats before they can run. It's fast, scalable, and designed to stay out of the way. Security teams get precise control without disrupting workflows, and engineers are not stuck maintaining fragile, reactive tools. It takes the core idea of allowlisting and makes it usable in real enterprise environments. Workshop is built by the creators of Santa, the open source macOS security tool, and extends that foundation with smart automation, real-time policy enforcement, device control, and deep telemetry. They’ve worked directly with security leaders inside the Fortune 500 to ensure the product performs reliably under real production demands. Pete Markowsky and team understand this problem firsthand, and they’re building the product they wish they had. We’re excited to be their partners from the beginning.

Metronome CEO Scott Woody says pricing used to change every 5 years. Salesforce changed theirs 3 times in 12 months. If you wait around and do a 9-month case study, “by the time you even go live, your pricing model is gonna be outmoded.” Some incumbents are moving at historical speeds. The rest will be outpaced by startups rewriting the market in real time.

Aaron Levie says a lot of productivity was rate-limited by how fast someone could use a computer. But once that’s no longer the constraint, jobs start to change. “Your job is now orchestration, integration of work, planning, task management, reviewing, auditing.” The individual contributor becomes a manager of agents.

David Ulevitch says the world now agrees: nuclear is clean. But Taiwan just shut down its last reactor, despite being 7 days from blackout if blockaded by China. Why? To satisfy a loud political minority. “It's colossally stupid.” Clean energy is ready. Decision-makers may not be.