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Silicon Valley tech unicorn raises $100m for annotation services to train AI
Other - AUGUST 6, 2019

Silicon Valley tech unicorn raises $100m for annotation services to train AI

by Andrea Zander

Startup company Scale AI has raised $100 million in a Series C round of funding, bringing its valuation to more than $1 billion. The company is building software to annotate images for training artificial intelligence for robots, self-driving cars and drones.

The company’s Series C funding round was led by venture capitalists Founders Fund, with the support of Accel, Coatue Management, Index Ventures, Spark Capital, Thrive Capital, Kevin Systrom, Mike Krieger and Adam d’Angelo.

Scale’s clients include Waymo, OpenAI, Nuro and Lyft.

“There is a lack of mature infrastructure for building AI, forcing teams to build their own technology stack from scratch before they can have a meaningful impact,” said Scale CEO Alexandr Wang, who founded the company in 2016.

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