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  "markdown": "Venture firm.\n\nWebsite: https://www.meritechcapital.com\n\n## Companies on Anchor Terminal\n\n- **Atlan**, Series C, May 2024, led a round\n  - [Atlan](https://www.anchorterminal.com/tools/atlan.md), graded B, 62.5/100\n  - Source: https://atlan.com/about/\n- **Harness (formerly Augment Code)**, Series B, April 2024\n  - [Auggie CLI](https://www.anchorterminal.com/tools/auggie.md), graded D, 51/100\n  - Source: https://www.augmentcode.com/blog/augment-inc-raises-227-million\n- **Clay Labs Inc.**, Series B, Series B expansion, January 2025, Series D, 2026, led a round\n  - [Clay](https://www.anchorterminal.com/tools/clay.md), graded C, 57.7/100\n  - Source: https://www.clay.com/blog/clay-raises-62m-to-turn-any-growth-idea-into-reality\n- **Mango Technologies, Inc. DBA ClickUp**, Series C, October 2021, through Meritech Capital Partners\n  - [ClickUp](https://www.anchorterminal.com/tools/clickup.md), graded C, 60.9/100\n  - Source: https://clickup.com/blog/series-c/\n- **Cognition AI, Inc.**, Series E, September 2026, through Meritech\n  - [Devin](https://www.anchorterminal.com/tools/devin.md), graded C, 55.7/100\n  - Source: https://cognition.com/blog/series-e\n- **fal (Features \u0026 Labels, Inc.)**, Series C, July 2025, Series D, December 2025, led a round, through Meritech\n  - [fal image models](https://www.anchorterminal.com/tools/fal-image.md), graded B, 65.5/100\n  - [fal music models](https://www.anchorterminal.com/tools/fal-music.md), graded B, 68.5/100\n  - [fal video models](https://www.anchorterminal.com/tools/fal-video.md), graded B, 69.1/100\n  - Source: https://blog.fal.ai/series-c/\n- **Framer**, Series C, September 2023, Series D, August 2025, led a round\n  - [Framer Server API](https://www.anchorterminal.com/tools/framer.md), graded D, 52.6/100\n  - Source: https://www.framer.com/blog/series-c/\n- **Gem Software, Inc.**, Series C, September 2021\n  - [Gem](https://www.anchorterminal.com/tools/gem.md), graded D, 53.4/100\n  - Source: https://www.gem.com/blog/series-c\n- **Lucid Software**\n  - [Lucid API + MCP](https://www.anchorterminal.com/tools/lucid.md), graded C, 60.8/100\n  - Source: https://lucid.co/about\n- **n8n**, through Meritech\n  - [n8n API + MCP](https://www.anchorterminal.com/tools/n8n.md), graded D, 53.2/100\n  - Source: https://n8n.io/press/\n- **Pendo.io, Inc.**, Series D, September 2018, Series E, October 2019\n  - [Pendo](https://www.anchorterminal.com/tools/pendo.md), graded D, 48.3/100\n  - Source: https://www.pendo.io/news/pendo-raises-50-million-series-d-funding-to-drive-geographic-and-market-expansion/\n- **Pennylane SAS**, Series D, April 2025, through Meritech Capital Partners\n  - [Pennylane](https://www.anchorterminal.com/tools/pennylane.md), graded B, 66.3/100\n  - Source: https://www.pennylane.com/fr/blog/pennylane-news/annonce-levee-facturation-electronique\n- **Tray.ai**, Series C extension, September 2022, through Meritech Capital Partners\n  - [Tray.ai API + MCP](https://www.anchorterminal.com/tools/tray.md), graded C, 55.6/100\n  - Source: https://tray.ai/company/news/funding-announcement/\n- **WorkOS**, Series C, March 2026, led a round, through Meritech\n  - [WorkOS Pipes and Agents](https://www.anchorterminal.com/tools/workos-pipes.md), graded C, 59.9/100\n  - Source: https://workos.com/blog/series-c\n\n## Where they invest\n\n- Agent harnesses, 2\n- Workflow automation, 2\n- Company knowledge \u0026 data catalogues, 1\n- Lead \u0026 company data, 1\n- Project \u0026 task management, 1\n- Image generation, 1\n- Music generation, 1\n- Video generation, 1\n- Design workspaces \u0026 canvases, 1\n- Recruiting \u0026 applicant tracking, 1\n- Diagramming, 1\n- Product analytics \u0026 experimentation, 1\n- Accounting \u0026 invoicing, 1\n- Agent auth \u0026 delegated access, 1\n\n## Founders they backed\n\n- [Igor Ostrovsky](https://www.anchorterminal.com/people/igor-ostrovsky/), Harness (formerly Augment Code)\n- [Guy Gur-Ari](https://www.anchorterminal.com/people/guy-gur-ari/), Harness (formerly Augment Code)\n- [Scott Wu](https://www.anchorterminal.com/people/scott-wu/), Cognition AI, Inc.\n- [Steven Hao](https://www.anchorterminal.com/people/steven-hao/), Cognition AI, Inc.\n- [Walden Yan](https://www.anchorterminal.com/people/walden-yan/), Cognition AI, Inc.\n- [Burkay Gur](https://www.anchorterminal.com/people/burkay-gur/), fal (Features \u0026 Labels, Inc.)\n- [Gorkem Yurtseven](https://www.anchorterminal.com/people/gorkem-yurtseven/), fal (Features \u0026 Labels, Inc.)\n- [Koen Bok](https://www.anchorterminal.com/people/koen-bok/), Framer\n- [Jorn van Dijk](https://www.anchorterminal.com/people/jorn-van-dijk/), Framer\n- [Karl Sun](https://www.anchorterminal.com/people/karl-sun/), Lucid Software\n- [Ben Dilts](https://www.anchorterminal.com/people/ben-dilts/), Lucid Software\n- [Todd Olson](https://www.anchorterminal.com/people/todd-olson/), Pendo.io, Inc.\n- [Erik Troan](https://www.anchorterminal.com/people/erik-troan/), Pendo.io, Inc.\n- [Rahul Jain](https://www.anchorterminal.com/people/rahul-jain/), Pendo.io, Inc.\n- [Eric Boduch](https://www.anchorterminal.com/people/eric-boduch/), Pendo.io, Inc.\n- [Michael Grinich](https://www.anchorterminal.com/people/michael-grinich/), WorkOS\n\n## Questions\n\n### Which AI tools has Meritech Capital invested in?\n\nAnchor Terminal lists Atlan, Harness (formerly Augment Code), Clay Labs Inc., Mango Technologies, Inc. DBA ClickUp, Cognition AI, Inc., fal (Features \u0026 Labels, Inc.), Framer, Gem Software, Inc., Lucid Software, n8n, Pendo.io, Inc., Pennylane SAS, Tray.ai and WorkOS backed by Meritech Capital.\n\n### How are Meritech Capital's companies graded?\n\nOn Anchor Terminal's benchmark, Atlan (B, 62.5), Auggie CLI (D, 51), Clay (C, 57.7), ClickUp (C, 60.9), Devin (C, 55.7), fal image models (B, 65.5), fal music models (B, 68.5), fal video models (B, 69.1), Framer Server API (D, 52.6), Gem (D, 53.4), Lucid API + MCP (C, 60.8), n8n API + MCP (D, 53.2), Pendo (D, 48.3), Pennylane (B, 66.3), Tray.ai API + MCP (C, 55.6) and WorkOS Pipes and Agents (C, 59.9).\n\nInvestors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source. An investor isn't a sign of quality, and nobody can pay to be listed or to change a grade. To correct something or have a page removed, write to privacy@anchorterminal.com.\n",
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