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Scale AI Raises $1 Billion in Series F Funding to Advance AI Data Foundry and AGI

May 21, 2024, 04:47 PM

Scale AI has successfully raised $1 billion in a Series F funding round, marking a significant milestone for the company. The funding will support Scale AI's mission to build a data foundry for artificial intelligence, accelerating the abundance of frontier data that will pave the road to artificial general intelligence (AGI). Companies like OpenAI, Meta, Cohere, and Microsoft rely on Scale AI's data lifecycle services. The company's CEO, Alexandr Wang, has been instrumental in driving the company's vision of high-quality data as a critical input for AI development. Scale AI is a Y Combinator (YC S16) alumni.