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2 clusters · 14 sources · 4 days · First seen · Last updated

Snorkel AI funding and valuation increase

Overview

Snorkel AI, a San Francisco-based company founded by researchers from the Stanford AI Lab, has secured $350 million in a Series E funding round, reaching a valuation of $3.5 billion. The funding round was co-led by Insight Partners and S32, with participation from various new and existing investors including March Capital, Blumberg Capital, Allegis Capital, Frontline, Standard, and Third Point Ventures.

The company has transitioned from providing software for manual data labeling to a “data-as-a-service” model. It now functions as a data lab providing specialized infrastructure for frontier AI models, including the construction of training datasets, evaluation frameworks, synthetic data environments, and reinforcement learning setups.

Snorkel AI reported an eighteenfold increase in its annualized revenue run rate over the past year, growing from approximately $20 million to $375 million. This growth is attributed to the rising demand for high-quality, specialized data required to fine-tune large language models and foundation models.

Entities

S32 · Snorkel AI · Insight Partners · March Capital · Stanford University

Timeline

  1. [BUSINESS] 6 sources
    Snorkel AI raises $350 million at $3.5 billion valuation

    Snorkel AI raised $350 million in Series E funding at a $3.5 billion valuation, following an 18x revenue increase to $375 million in one year.

  2. [BUSINESS] 8 sources
    Snorkel AI reaches $3.5 billion valuation after $350 million funding round

    Snorkel AI raised $350 million in Series E funding at a $3.5 billion valuation, driven by surging demand for AI training data and its pivot to a data-as-a-service model.

Sources

beststartup.co.uk · beststartup.us · blumbergcapital.com · cryptobriefing.com · espiganoticias.net · frontier-enterprise.com · it-boltwise.de · siliconangle.com · techcrunch.com · techjuice.pk · technaujienos.lt · technosports.co.in · thebridge.jp · theNEXTweb.com