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Scale AI Secures $1 Billion for AI Data Foundry

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May 21, 2024

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The latest funding secured by Scale AI is set to propel the company into the next phase of its journey, focusing on expanding its AI data foundry to expedite the availability of frontier data crucial for the advancement of artificial general intelligence. With a proven track record of addressing complex data challenges for industry giants like OpenAI, Meta, and Microsoft, Scale is well-positioned to leverage this new investment to further enhance its capabilities.

This fresh injection of funds will not only enable Scale to continue its model evaluation work with enterprise clients and government entities such as the U.S. Department of Defense but also to deepen its involvement in high-profile initiatives like the DEFCON 31 red-teaming event recently announced by the White House. By doing so, Scale aims to enrich its offerings for a diverse range of customers, both in the public and private sectors.

As artificial intelligence models advance, the demand for high-quality, diverse, and intricate frontier data essential for their optimal performance grows exponentially. Serving as the data foundry for AI, Scale plays a pivotal role in providing the necessary data support throughout the entire AI lifecycle. This ensures that developers and businesses have access to the data required to deploy AI solutions with confidence.

According to Alexandr Wang, the CEO and founder of Scale AI, "Data abundance is not the default, it’s a choice. It requires bringing together the best minds in engineering, operations, and AI. Our vision is one of data abundance, where we have the means of production to continue scaling frontier LLMs many more orders of magnitude. We should not be data-constrained in getting to GPT-10."

Recognizing the critical role that Scale plays in the AI ecosystem, Dan Levine, a partner at Accel, stated, "From day one, Scale has been laser-focused on unlocking the potential of data for AI. All of the major advancements in the industry we have today wouldn’t have been possible without Scale’s data engine at the center. Their vision is why we first partnered with Scale in the earliest days and why we continue to believe that their expertise remains paramount in addressing the industry's growing needs for high-quality data as the AI industry continues to push the boundaries of what’s possible."

The recent round of funding, a combination of primary and secondary financing, has propelled Scale's valuation to an impressive $13.8 billion. The round was led by existing investor Accel, with continued support from a lineup of returning investors such as Y Combinator, Nat Friedman, Index Ventures, and more. Notable new investors joining this round include Cisco Investments, DFJ Growth, Intel Capital, and Amazon, among others, underscoring the industry's confidence in Scale's vision and capabilities.

For more information about Scale AI and its innovative data solutions, visit www.scale.com.

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