Amazon and Meta Back Scale AI in Massive $1 Billion Funding Round
Scale AI raises $1 billion in a Series F round led by Accel, with major tech giants Amazon and Meta joining as new investors. The funding doubles the data-labeling company's valuation to $13.8 billion as it expands its government and enterprise AI operations.
Scale AI secures $1 billion in a Series F funding round, pushing its total raised capital to $1.6 billion and doubling its valuation to $13.8 billion. Venture capital firm Accel leads the massive investment, bringing in prominent new financial partners like Amazon, Meta, Cisco Investments, and Intel Capital. Existing backers such as Nvidia, Y Combinator, and Tiger Global Management also participate to support the company's continued growth in the artificial intelligence sector.
The San Francisco-based company operates as a crucial data foundry for AI by labeling and organizing information needed to train complex machine learning models. Originally focused on assisting autonomous vehicle companies, Scale AI now provides essential data infrastructure for a wide variety of enterprise clients. Founder and CEO Alexandr Wang states that this new capital accelerates the company's mission to provide the abundant frontier data necessary to achieve artificial general intelligence.
Beyond its commercial business, Scale AI actively expands its footprint within the United States public sector and defense infrastructure. The company holds a significant contract with the Department of Defense to improve AI capabilities across various military branches. Additionally, Scale AI recently launches Donovan, an AI-powered decision-making platform that stands as the first large language model deployed on a U.S. government classified network.