Scale AI, a leading provider of data infrastructure for artificial intelligence, has announced a significant milestone in its journey to fuel AI advancements. The company has secured $1 billion (Series F) in financing at a valuation of $13.8 billion, led by existing investor Accel, along with participation from a roster of prominent investors.
The funding round includes support from existing investors such as Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Tiger Global Management, Greenoaks, and Wellington Management. Additionally, Scale AI welcomes new investors, including Cisco Investments, DFJ Growth, NVIDIA, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta.
The 8-year-old company has played a crucial role in supporting breakthroughs in various AI fields, including autonomous vehicles, defense applications, and generative AI. Scale AI's partnerships with industry leaders such as OpenAI, Meta, and Microsoft have positioned it as a key player in the AI ecosystem.
Alexandr Wang, CEO of Scale AI, expressed confidence in the company's trajectory, stating that they are well-positioned to serve the entire AI ecosystem and ensure data abundance for the development of more complex AI capabilities.
With this latest funding, Scale AI aims to address the exponentially growing need for data as AI models become more sophisticated. The company's focus is on building a data foundry that ushers in an era of AI-ready data abundance, pushes the boundaries of AI capabilities, and enables the measurement and evaluation of AI systems to build confidence and drive adoption.