The Scale AI team has closed a $1 billion Series F funding round. Investors estimated the AI startup at $13.8 billion.
Today, we’re announcing that Scale has closed a $1B financing transaction at a $13.8B valuation, led by @Accel.
Read the full announcement: https://t.co/2lpLTHxjBp pic.twitter.com/zzGUusrUit
The round was led by the venture capital company Accel. Other investors include Y Combinator, NVIDIA, Tiger Global Management, Cisco Investments, Intel Capital, Amazon, Meta and others.
Scale AI is a developer of training tools for neural networks and artificial intelligence. The company cooperates with both the public and private sectors.
"Our vocation is to create a database for AI, and thanks to today's funding, we are moving to the next stage of this path," the statement said.
Recall that in April, the media reported that Elon Musk's xAI raised $6 billion with a preliminary estimate of $18 billion.
In the same month, Meta announced an increase in investments in the field of artificial intelligence.