Snorkel AI

Overview
Activities
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Machine Learning Infrastructure?
Generative AI Infrastructure?
Product stageSegments
Growth
?
Model Development and Training, Data Marketplaces and Data Annotation Platforms
?

Snorkel AI provides a data-centric AI platform called Snorkel Flow for automated data labeling, along with integrated model training, analysis, and guided iteration within a single workflow. Developers can choose between different training data sets, model architectures from its library, or use the Python SDK to train custom models. The platform also has an AutoML feature that selects the best algorithm and hyper-parameters for the problem automatically and includes guided iteration tools to provide insights on how to improve both data and models to reach model performance targets.

Snorkel AI also supports collaboration between developers and domain experts as well as integration with foundation models (FM) to build tailored ML models. Companies can use their proprietary data to build their custom FM or large language models (LLMs), or improve the accuracy of commercially available or open-source models for domain-specific generative AI and predictive AI applications. Moreover, Snorkel AI has integrations with a variety of ML infrastructure platforms that allows users to choose between a private cloud and a public cloud deployment architecture.

Key customers and partnerships

Its key customers include five of the top 10 US banks, a number of government agencies, and Fortune 500 companies such as Apple, Intel, Chubb, and Google.

The company partnered with Microsoft to integrate Snorkel Flow with Azure AI services to aid data science and ML teams in developing AI/ML models tailored to their proprietary data. It also collaborated with Google Cloud to make available the Snorkel Flow platform on Google Cloud Marketplace and to integrate it with Google's Vertex Generative AI Studio to develop and fine-tune ML models.

Funding and financials

In August 2021, Snorkel AI raised USD 85 million in Series C funding at a valuation of USD 1 billion. The round was co-led by Addition and funds and accounts managed by BlackRock. It planned to use the funds to scale its engineering and go-to-market teams to improve product development and adoption of its platform.

HQ location:
55 Perry St Redwood City CA USA
Founded year:
2019
Employees:
101-250
IPO status:
Private
Total funding:
USD 135.3 mn
Last Funding:
-
Last valuation:
USD 1.0 bn (Aug 2021)
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