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Funding
Scale AI raises USD 1 billion in Series F at USD 13.8 billion valuation
Machine Learning Infrastructure
May 21, 2024
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Machine Learning Infrastructure

Machine Learning Infrastructure

May 21, 2024

Scale AI raises USD 1 billion in Series F at USD 13.8 billion valuation

Funding

  • Scale AI, a data annotation and validation platform, has raised USD 1 billion in a Series F funding round at a valuation of USD 13.8 billion. The fundraising was a mix of primary and secondary funding, led by Accel and featuring participation from prominent investors such as Amazon, Meta, Cisco, Intel, AMD, NVIDIA, Y Combinator, Tiger Global Management, and Coatue, among others.

  • The fresh capital will empower Scale to progress on its journey of becoming the primary data foundry for AI and to foster the production of frontier data.

  • Analyst QuickTake: Scale AI’s previous funding round was In April 2021, during which it raised USD 325 million at a USD 7 billion valuation. The funds were utilized to expand its team and product offerings. Its notable customers include Microsoft, Toyota, GM, Meta, the US Department of Defense, and OpenAI.

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