Snorkel AI Raises $350M at a $3.5B Valuation to Expand Its Agentic Data Factory

Snorkel AI announced $350M in Venture Financing financing on September 22, 2026. Snorkel AI raised $350 million at a $3.5B valuation in a round co-led by Insight Partners and S32 to expand its agentic data factory.

Round details

The financing includes backing from Insight Partners, S32, Addition, Greylock, Lightspeed, GV, March Capital, Blumberg Capital. The company reported a $3.5B valuation alongside the transaction.

Round: Venture Financing
Capital announced: $350M

How the company plans to use the capital

Snorkel said it plans to use the funding to grow the capacity of its agentic data factory to meet demand, accelerate investment in vertical and enterprise AI, and extend its core research and technology into new domains and modalities.

Why this matters for GTM teams

Snorkel described a shift from Data 1.0, when AI data meant simple labeling tasks solved with headcount, to Data 2.0, which it said calls for expert agentic tasks, environments, and rubrics.

Fresh capital is often an operational signal rather than a buying signal by itself. Teams should validate the company’s hiring pattern, product launches, geographic expansion, and technology priorities before choosing the message and timing of outreach.

Source and methodology

This report is based on the company’s announcement and records the disclosed amount, round, investors, location, and stated use of funds. SalesTools Research does not estimate undisclosed valuation or revenue figures.

Primary source: Snorkel AI press release (PR Newswire).