"Scale AI Raises $1 Billion in Series F Funding to Enhance Data Foundry and Expand AI Offerings"
Scale AI Raises $1 Billion Series F Funding
Scale AI's Series F Funding
Key Highlights:
- Series F Funding: Scale AI, a data foundry for AI, raised $1 billion in Series F funding.
- Valuation: The funding round brought Scale's valuation to $13.8 billion.
- Investors: Led by Accel, the round included participation from existing investors like Y Combinator and new investors such as Cisco Investments and Amazon.
Scale AI's Target Market
- Target Market: Organizations across industries seeking to leverage AI and advanced models for their operations.
- Industry Leaders: Scale AI's customers include Meta, Morgan Stanley, Microsoft, the U.S. Army, OpenAI, General Motors, and Toyota Research Institute.
- Public and Private Evaluations: Scale AI aims to enhance its capabilities and offerings for both public and private evaluations of AI models.
What Scale AI Needs to Buy
- Data Infrastructure and Processing Solutions: Partnerships with companies providing data infrastructure and processing technologies to support Scale AI's data foundry.
- AI Research and Development Collaborations: Collaborations with AI research institutions and experts to advance AI models and technologies.
- Customer Acquisition and Sales Support: Services to support customer acquisition and sales efforts, including marketing and sales enablement.