Scale AI Secures $1 Billion in Series F Funding, Valuation Soars to Nearly $14 Billion
May 22, 2024Scale 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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Sources
Yahoo News • May 21, 2024
Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8BYahoo Finance • May 21, 2024
Scale AI valued at $14 billion in Nvidia, Amazon-backed funding roundYahoo Finance • May 21, 2024
Data-labeling startup Scale AI raises $1B as valuation doubles to $13.8BU.S. News & World Report • May 21, 2024
Scale AI Valued at $14 Billion in Nvidia, Amazon-Backed Funding Round