Startup AI Scale Valued at Nearly $14 Billion
Scale AI Inc., a startup that helps top tech companies improve the data used to build artificial intelligence products, has roughly doubled its valuation to $13.8 billion and is raising $1 billion in one of the largest financing deals of the year.
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Scale Valued at Nearly $14 Billion With Funding From Amazon, AMD & others.
The startup helps tech firms improve data for building AI tools, via Scale#ai #startup #data https://t.co/PnLJVvKnfh— The_Journalbiz (@the_journalbiz) May 21, 2024
Scale news on raised funding
Founded in 2016, years before OpenAI’s ChatGPT brought artificial intelligence to the mainstream, Scale emerged as an early leader in the AI sector. The startup uses an army of contract workers to clean and label the vast amount of text, images and assorted data that’s needed to develop AI chatbots and other products.
- Scale AI raised $1 billion in one of the year’s largest deals
- Startup helps tech firms improve data for building AI tools
The funding round was led by existing Scale investor Accel with participation from a mix of new corporate backers, including Amazon.com Inc., Meta Platforms Inc. and the venture arms of Advanced Micro Devices Inc., ServiceNow Inc. and Intel Corp. the startup said Tuesday.
Scale works with many of the largest AI companies, including OpenAI, Microsoft Corp. and Meta Platforms Inc. The startup also has contracts with the US government.
