Scale AI Secures $1 Billion in Series F Funding, Valuation Soars to Nearly $14 Billion

May 23, 2024
Scale AI Secures $1 Billion in Series F Funding, Valuation Soars to Nearly $14 Billion
  • Scale AI, a leading data-labeling startup, has secured $1 billion in funding in a Series F round led by Accel.

  • Investors such as Y Combinator, Index Ventures, and NVIDIA also participated in the funding round.

  • This new funding brings Scale AI's valuation to nearly $14 billion.

  • The financing round included both primary and secondary financing.

  • Scale AI is recognized for its role as a data foundry for AI, accelerating the production of frontier data for artificial general intelligence.

  • The company's Generative AI Data Engine is trusted by major entities like Meta, Microsoft, and the U.S. Army.

  • Scale AI aims to remove data constraints for achieving GPT-10 and supporting the end-to-end AI lifecycle.

  • The funding highlights the growing demand for accurately labeled data in AI training.

  • It also underscores Scale AI's commitment to safe AI innovation and advancing AI technologies for wider adoption.

Summary based on 11 sources


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