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Scale AI Raises $1 Billion in Series F Led by Accel and Existing Investors for Advancing AI Data Frontier

May 21, 2024•about 1 year ago

Amount Raised

$1 Billion

Round Type

series f

DoverInformation Technology

Investors

MetaElad GilAmazonWcmAmd VenturesService Now VenturesIntel CapitalDfj GrowthCisco InvestmentsWellington ManagementGreenoaksTiger Global ManagementNvidiaSpark CapitalThrive CapitalCoatueFounders FundIndex VenturesNat FriedmanY CombinatorAccel

Description

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 Information

Company

scale

Location

Dover, Delaware, United States

About

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.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers