Scale AI Raises $1 Billion in Series F Led by Accel and Existing Investors for Advancing AI Data Frontier
Scale AI Raises $1 Billion in Series F Led by Accel and Existing Investors for Advancing AI Data Frontier
05/21/24, 10:10 AM
Location
doverMoney raised
$1 billion
Industry
information technology
Round Type
series f
Investors
Meta, Elad Gil, Amazon, Wcm, Amd Ventures, Service Now Ventures, Intel Capital, Dfj Growth, Cisco Investments, Wellington Management, Greenoaks, Tiger Global Management, Nvidia, Spark Capital, Thrive Capital, Coatue, Founders Fund, Index Ventures, Nat Friedman, Y Combinator, Accel
Scale AI has closed a $1 billion financing transaction, led by Accel and participation from existing and new investors, bringing the company to a valuation of nearly $14 billion. This funding will help Scale AI move into the next phase of accelerating the abundance of frontier data for artificial general intelligence and deepen its capabilities and offerings for both public and private evaluations.
Company Info
Location
dover, delaware, united states
Additional Info
Scale intends to solve key challenges within the fintech industry. We service across three key verticals today, with the fourth our north star.
We believe that the transition from a single market to multi market, closed to open loop payment environment and shifting from traditional to digital marketing strategies are critical to achieve success, acquire customers and secure funding- attracting investment into the continent.
Our focus is fixed on overcoming fintech barriers and enabling scale.