Scale AI Secures Series C Funding for AI Data Platform

Aug 5th, 2019Funding
  • Scale AI has raised $100 million in Series C funding at a valuation over $1 billion, with the round led by Founders Fund and others joining.

  • The funding will support Scale's mission to accelerate AI application development by providing a data platform that addresses the shortage of labeled datasets.

  • Their platform combines machine learning with human insight to label and annotate data, enabling clients to develop high-quality machine learning models.

  • Scale's AI data platform is utilized by leading machine learning teams across various industries, such as autonomous vehicles, AR/VR, and e-commerce.

  • Scale AI emphasizes the importance of high-quality data for building unbiased AI and aims to democratize access to AI development beyond well-funded tech companies.

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