Scale AI Secures $1 Billion in Series F Funding to Expand AI Data Capabilities
Scale AI is committed to removing data constraints for AI development, aiming to foster data abundance.
Company Name: Scale AI
Location: San Francisco, CA
Sector: Artificial Intelligence, Data Management
Funding Details: Raised $1 billion in Series F funding, bringing the company's valuation to $13.8 billion. The round was led by existing investor Accel and included participation from both returning investors such as Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, NVIDIA, Tiger Global Management, Greenoaks, Wellington Management, and new investors like Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta.
Purpose of Investment: To deepen its capabilities and offerings for both public and private evaluations.
Leadership: Led by CEO and Founder Alexandr Wang.
Product: Scale AI operates as a data foundry for AI, utilizing a proprietary data engine to power advanced models and provide a roadmap for organizations to effectively implement AI. Its platform is trusted by industry leaders across various sectors, including technology, finance, automotive, and government.
About Company: Scale AI is committed to removing data constraints for AI development, aiming to foster data abundance. The company supports the scaling of large language models (LLMs) and broader AI applications by providing the necessary data infrastructure and processing capabilities.
“Our vision is one of data abundance, where we have the means of production to continue scaling frontier LLMs many more orders of magnitude. We should not be data-constrained in getting to GPT-10.” Alexandr Wang