Scale AI, a San Francisco, CA-based provider of a data platform for AI, raised $325m in Series E funding.
The round was co-led by Dragoneer, Greenoaks Capital, and Tiger Global with participation from new investors Wellington Management and Durable Capital followed and existing investors Coatue, Index, Founders Fund, and YC.
The company intends to use the funds to continue to expand the team and products.
Scale is a provider of a data platform for high quality training and validation data for AI applications. The company’s solution enables organizations to manage the entire AI lifecycle, whether they have an AI team in-house or need a fully managed models-as-a-service approach.
Customers include the Department of Defense, U.S. Air Force, Brex, PayPal, Square, Flexport, General Motors, Luminar, Oshkosh, Etsy, iRobot, Pinterest, Samsung and SAP.
In addition to the funding, Jeff Wilke, former CEO of Amazon’s Worldwide Consumer business, will be joining as Advisor to the CEO.
FinSMEs
26/04/2021