Companies · Other Technology

fal - Features & Labels, Inc.

San Francisco · Other Technology

Diligence memoA one-page analyst read on fal - Features & Labels, Inc. — recommendation, valuation, rhythm, risks.
$333.1M
Total raised · real
5
Rounds
1.1×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Nov 14 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

fal - Features & Labels, Inc. looks fair against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.10× the median modeled value of Series D+ Other Technology companies in 2025–2027 (60 peers) — value vs value, same stage and era.
  • Within the normal band (110% of peer median) for its niche.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

fal - Features & Labels, Inc. is one of 21302 Other Technology companies tracked from San Francisco. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
19
Investors (latest)
2020
Year incorporated
2025-11-14
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$500M$1.0B$1.5B$2.0BSeries A · 2022-06-27 Raised $6.9M (real) Modeled valuation $86M (est)$6.9M$86MSeries A2022Series A · 2024-04-09 Raised $12M (real) Modeled valuation $72M (est)$12M$72MSeries A2024Series C · 2024-12-19 Raised $49M (real) Modeled valuation $396M (est)$49M$396MSeries C2024Series D+ · 2025-05-27 Raised $125M (real) Modeled valuation $1.1B (est)$125M$1.1BSeries D+2025Series D+ · 2025-11-14 Raised $140M (real) Modeled valuation $1.1B (est)$140M$1.1BSeries D+2025+$12M+$49M+$125M+$140MCumulative $333M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$6.9M · 2022
Series A extension$11.9M · 2024
Series C$48.8M · 2024no Series B on file
Series D+$125.0M · 2025
Series D+ extension$140.5M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$1.1B
Base estimate est.
$780.2M
Conservative case
$1.4B
Upside case
$1.2B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $85.9M · 2022-06-272022Series A · modeled $71.8M · 2024-04-09Series C · modeled $395.9M · 2024-12-19Series D+ · modeled $1.1B · 2025-05-27Series D+ · modeled $1.1B · 2025-11-142025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$98.4M/yr
Capital velocity
4.0 yr
On record since
2022
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 105× above median
This company$333.1M
Sector median$3.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.2× above median
This company$140.5M
Sector median$115.0M
Modeled value — vs sector median (estimate, all stages) 31× above median
This company$1.1B
Sector median$37.3M

Raised more than 99% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #27 of 60.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)ServiceNow, Inc. · Series D+ Raised $459.3M · modeled $3.6B (est)Castelion Corp · Series D+ Raised $434.0M · modeled $3.1B (est)Cryptyde, Inc. · Series D+ Raised $350.9M · modeled $2.3B (est)Niantic Spatial, Inc. · Series D+ Raised $248.0M · modeled $2.3B (est)Robin Motor Ltd · Series D+ Raised $250.0M · modeled $2.2B (est)D-Wave Quantum Inc. · Series D+ Raised $275.0M · modeled $2.1B (est)Bending Spoons S.p.A. · Series D+ Raised $323.0M · modeled $2.0B (est)Signify Holdings, Inc. · Series D+ Raised $307.5M · modeled $2.0B (est)American Bitcoin Corp. · Series D+ Raised $220.1M · modeled $2.0B (est)Omatwt, Llc · Series D+ Raised $200.0M · modeled $2.0B (est)Covenantz Inc. · Series D+ Raised $400.0M · modeled $1.9B (est)Raintank Inc. · Series D+ Raised $913.7M · modeled $1.9B (est)fal - Features & Labels, Inc. (this company) Raised $333.1M · modeled $1.1B (est)fal - Features & Labels, Inc.
CompanyStageRaised · realValue · estvs peer med.
ServiceNow, Inc.Series D+$459.3M$3.6B3.41×
Castelion CorpSeries D+$434.0M$3.1B3.01×
Cryptyde, Inc.Series D+$350.9M$2.3B2.21×
Niantic Spatial, Inc.Series D+$248.0M$2.3B2.18×
Robin Motor LtdSeries D+$250.0M$2.2B2.11×
D-Wave Quantum Inc.Series D+$275.0M$2.1B2.05×
Bending Spoons S.p.A.Series D+$323.0M$2.0B1.92×
Signify Holdings, Inc.Series D+$307.5M$2.0B1.91×
American Bitcoin Corp.Series D+$220.1M$2.0B1.90×
Omatwt, LlcSeries D+$200.0M$2.0B1.89×
Covenantz Inc.Series D+$400.0M$1.9B1.86×
Raintank Inc.Series D+$913.7M$1.9B1.82×
fal - Features & Labels, Inc. this companySeries D+$333.1M$1.1B1.10×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$6.9M2022-06-27$31.4M$85.9M90%
Series A$11.9M2024-04-09$54.1M$71.8M90%
Series C$48.8M2024-12-19$325.3M$395.9M90%
Series D+$125.0M2025-05-27$1.0B$1.1B90%
Series D+$140.5M2025-11-14$1.2B$1.1B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$6.9M2022-06-27
    • First recorded raise — entered as Series A.
    • 4 investors on this round.
  2. Series A$11.9M2024-04-09
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 6 investors on this round.
  3. Series C$48.8M2024-12-19
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 4.1× larger than the prior — scaling up.
    • 8 investors on this round.
  4. Series D+$125.0M2025-05-27
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 21 investors on this round.
  5. Series D+$140.5M2025-11-14
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~10mo cadence
$157.9M
Modeled next size est.range $140.5M$252.7M
1.1×
Last step-up
$98.4M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Glenn Solomon14 other2024-12
Steve Jang2 other2024-04
Arsham Memarzadeh1 other2025-05
Jennifer Li1 other2024-12
Burkay Gur2022-06
Gorkem Yurtseven2024-04
Registry & provenance

fal - Features & Labels, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1938621
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Domo, Inc.Other TechnologySeries D+$350.8M$113.9Mnetwork1 shared operator · same sector · same stage
HashiCorp, Inc.Other TechnologySeries D+$271.0M$4.1Bnetwork1 shared operator · same sector · same stage
Axonius, Inc.Other TechnologySeries D+$570.5M$705.0Mnetwork1 shared operator · same sector · same stage
Concur Technologies IncOther TechnologySeries D+$335.5M$1.4Bsame sector · same stage
Lumeris Group Holdings CorpOther TechnologySeries D+$315.3M$1.2Bsame sector · same stage
Braze, Inc.Other TechnologySeries D+$289.5M$1.3Bsame sector · same stage
Sierra International Network IncOther TechnologySeries D+$407.5M$960.1Msame sector · same stage
Observe, Inc.Other TechnologySeries D+$269.8M$1.1Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Falcomm, Inc.Other TechnologySeries A$30.7M87%
FamHis, Inc.Other TechnologyPre-Seed$2.5M86%
Falkonry Inc.Other TechnologySeries A$16.7M86%
FaZe Holdings Inc.Other TechnologyPre-Seed$2.2M85%
Faver, Inc.Other TechnologyPre-Seed$4.2M85%
Fazit.com, Inc.Other TechnologySeed$5.1M85%
Fabri Inc.Other TechnologySeries A$24.4M84%
Famosos, Inc.Other TechnologySeries A$5.1M84%
Frequently asked
How much funding has fal - Features & Labels, Inc. raised?
fal - Features & Labels, Inc. has raised approximately $333.1M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is fal - Features & Labels, Inc.'s estimated valuation?
Provath's modeled valuation for fal - Features & Labels, Inc. is approximately $1.1B (modeled range $780.2M–$1.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is fal - Features & Labels, Inc. at?
fal - Features & Labels, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Nov 14.
What does fal - Features & Labels, Inc. do and where is it based?
fal - Features & Labels, Inc. operates in the Other Technology sector, based in San Francisco.
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