Scale has raised $1B to secure data abundance for AI
Scale has announced it closed a $1 billion Series F round. The Series F was led by existing investor Accel, with participation from existing and new investors. The funds will be used so Scale's data foundry can accelerate the abundance of frontier data required by current AI demands.
Scale —a major provider of AI data that has powered several breakthroughs in the field— recently closed its $1 billion Series F at a $13.8 billion valuation. The funding round was led by Scale's existing investor Accel, with backing from most of the company's existing investors, as well as new investors Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta.
Since its inception in 2016, Scale has partnered with industry leaders and government agencies in the US to help deliver groundbreaking advances, including its Autonomy Data Engine which is paving the way for L4 autonomy, its Public Sector Data Engine powering several AI programs within the US Department of Defense, its partnership with OpenAI to experiment with reinforcement learning with human feedback (RLHF) on GPT-2 that were then scaled further, and more. Additionally, Scale has become a data supplier for many leading model providers, including OpenAI, Meta, and Microsoft.
Looking forward, Scale plans to address the growing concerns that high-quality data pipelines are having difficulties keeping up as generative AI models' data demands increase. The funding will ensure that Scale's AI data foundry is well-positioned to tackle the challenges surrounding the frontier AI data required to get us closer to AGI.
