Scale AI hits $3.5B valuation as its turns the AI boom into a venture bonanza
https://techcrunch.com/2020/12/01/scale-ai-hits-3-5b-valuation-as-its-turns-the-ai-boom-into-a-venture-bonanza/
Scale AI, the four-year-old data labeling startup, has discovered that selling the picks and shovels needed to develop and apply artificial intelligence is big business.
The company, which created a visual data labeling platform that uses software and people to label image, text, voice and video data for companies building machine learning algorithms, has raised another $155 million. The funding round, led by Tiger Global, pushes Scale’s post-money valuation to more than $3.5 billion.