Scale AI: Scale AI valued at $14 billion in Nvidia, Amazon-backed funding round
ETtech.com - 2024-05-21T13:34:54.000Z

Scale AI said on Tuesday it had raised $1 billion in a late-stage funding round led by venture capital firm Accel with participation from tech giants Nvidia, Amazon, and Meta, valuing the AI data startup at nearly $14 billion. Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine learning have been a bright spot in an otherwise subdued private funding market. Founded in 2016, Scale AI provides vast amounts of...

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In related news

Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion

Pixar is laying off 14% of its workforce as Disney scales back content

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