Scale AI Raises $1B in Series F
Scale AI has successfully raised $1B in a Series F at a $13.8B valuation led by Accel, Index Ventures, Founders Fund, Coatue, Tiger Global, Dragoneer, Wellington Management, Nvidia, AMD, Intel Capital, WCM Investment Management, Elad Gil.
Company Overview
Scale AI is a AI/ML company headquartered in 525 Brannan Street, San Francisco, CA 94107, founded in 2016 with 600+ employees.
AI data platform for machine learning
Fundraising Details
- Amount Raised: $1B
- Round Type: Series F
- Valuation: $13.8B
- Date: 2024-05-14
- Investors: Accel, Index Ventures, Founders Fund, Coatue, Tiger Global, Dragoneer, Wellington Management, Nvidia, AMD, Intel Capital, WCM Investment Management, Elad Gil
About Scale AI
AI data platform for machine learning The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 525 Brannan Street, San Francisco, CA 94107
- Founded: 2016
- Team Size: 600+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Scale AI's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Scale AI's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $13.8B valuation marks an important milestone for Scale AI, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Scale AI is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-05-14. For more information about Scale AI, visit their headquarters at 525 Brannan Street, San Francisco, CA 94107.
